Must Read Rumors

Beauty therapist presented as Kate Middleton’s beautician has never worked for her

Duchess Kate is admired not only for her style, but also for her beauty.

Duchess Kate stuns at Bafta awards in Alexander McQueen gown

The 2017 British Academy Film Awards ceremony brought together the world’s top actors and filmmakers in London.

Kate Middleton pregnant: bets placed on royal baby in 2017

Lately speculation has surfaced surrounding a third royal pregnancy. Should we expect royal baby no. 3 this year?

Kate Middleton themed café opens in Australia

The Duchess of Cambridge, née Kate Middleton, has become an inspiration in ways that not even the royal herself would imagine.

Beauty therapist presented as Kate Middleton’s beautician has never worked for her
Duchess Kate stuns at Bafta awards in Alexander McQueen gown
Kate Middleton pregnant: bets placed on royal baby in 2017
Kate Middleton pregnancy and surrogacy rumors denied
Kate Middleton themed café opens in Australia

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