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2005/9/26

Ford and Fiat To Develop Joint Small Car

@ 07:23 AM (37 months, 3 days ago)
Reuters reported that Italy's Fiat and U.S. automaker Ford Motor Co are in advanced talks to cooperate on developing a small car, a person familiar with the matter told Reuters on Thursday, confirming an earlier report. German newspaper Handelsblatt cited sources close to the negotiations as saying the two were in talks, with one source quoted as saying: "The talks are already far along." Fiat and Ford declined to comment. Fiat has long said it wants to work with other carmakers on specific projects to reduce risk and save on development costs, part of its plan to return to profit from 2002's record loss. The 106-year-old carmaker argued it had not been able to strike competitive deals when it was tied up in a partne...
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