By William Maley
Staff Writer - CheersandGears.com
April 1, 2013
Alfa Romeo is reportedly a part of a deal that is currently under negotiations between Fiat and Audi. Sources close to the situation tell Wards Auto the deal involves Alfa Romeo and Fiat’s Pomigliano assembly plant which currently makes the Fiat Panda. If the deal was to go through, this would mark the return of Alfa Romeo production under Audi.
Also on the table is Fiat’s Magneti Marelli parts unit. Fiat CEO Sergio Marchionne has mentioned before that he would be willing to let go of its parts arm in order to raise cash. Audi has gone on the record saying that it would like acquire a components manufacturer and establish a new R&D arm in Italy, where it now has a considerable stake thanks to Lamborghini and Ducati.
When asked for comment, both Fiat and Audi declined to.
Source: Wards Auto