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Article: Fiat, GM ready to create joint purchasing, powertrain units.(Brief Article)(Statistical Data Included)
- Article from:
- Automotive News
- Article date:
- May 22, 2000
- Author:
CopyrightCOPYRIGHT 2000 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TURIN, Italy - Fiat Auto and General Motors will create two 50-50 joint ventures by mid-summer to combine their purchasing and powertrain activities in Europe and Latin America.
Tommaso Le Pera, Fiat's head of purchasing, will be named CEO of the purchasing joint venture, sources say. The chairman is expected to come from GM.
GM will name the CEO of the powertrain joint venture. Fiat Auto will install Wolfgang Hatz, a former BMW Motorsport engineer, as chairman.
Fiat Auto planned to give the position to Bruno Cena, who in March was appointed the company's engine chief. But Cena resigned in mid-April to become general manager of Italian ...