Must Read Rumors

Prince Harry calls Duchess Kate the ‘big sister he never had’

The royal recently made a sweet revelation about his sister-in-law.

Duchess Kate’s next engagement scheduled at Victoria and Albert Museum

Prince William’s wife is set to visit the Victoria and Albert Museum in London next week.

Duchess Kate isn’t pregnant with baby no.3, despite report

A new rumor has surfaced, claiming that the royal couple is expecting their third child.

Meghan Markle avoids Prince Harry questions at ATX panel

Meghan Markle was faced with the question that everyone is curious about.

Kate Middleton and Prince William to embark on royal tour of Poland and Germany

The Duke and Duchess of Cambridge, née Kate Middleton, have announced an official visit to the two countries in July.

Prince Harry calls Duchess Kate the ‘big sister he never had’
Duchess Kate’s next engagement scheduled at Victoria and Albert Museum
Duchess Kate isn’t pregnant with baby no.3, despite report
Meghan Markle avoids Prince Harry questions at ATX panel
Kate Middleton and Prince William to embark on royal tour of Poland and Germany

Fiat: “We would not sell Alfa even if we were offered tons of money,”

in Auto
by Nicole
January 12, 2011 at 11:30 am

Fiat officials have again denied selling its Alfa Romeo unit, this time with much stronger claims.

At the Auto Show in Detroit, Fiat chairman John Elkann said that they will never sell the Alfa Romeo brand. Elkann practically reiterated an earlier statement by Marchionne, who announced the same thing, but in another form.

This time, Elkann was direct and stated that Fiat won’t be selling Alfa Romeo not even for “tons of money,” meaning that they will do anything to relaunch the brand.

Alfa Romeo sales failed to reach the target of Marchionne’s profitability and the brand needs 300,000 units per year. At present, Alfa Romeo sells only 40% of that amount per year, but the Italians hope to recover this balance.

As specified by Sergio Marchionne, Alfa Romeo is part of Fiat Group’s operational area, and the investments made in this direction are too large to give them up.

Fiat officials have acknowledged that they had some quality problems in the brand, but hope to finally eliminate them for new models. With the Fiat-Chrysler alliance, Italy’s Alfa Romeo will sell the new cars in the US.

The first model will be Giulia, a midsize sedan that promises a lot. The Italians also have a drawback in terms of that model, regarding the factory in which it will be built. More specifically, the unions want to produce it at the Mirafiori plant, while Marchionne wants to produce the US version of the model in America to maintain a lower price.

Source: Autocar

What do you think? What is your gossip?

The rules: Keep it clean, stay on the subject and use English only - or we may delete your comment. If you see inappropriate language email us. Read our Terms and Conditions