Fiat move for GM would create $100B giant

Fiat Group, fresh from an agreement to buy a piece of troubled automaker Chrysler, has plans to purchase GM Europe and spin-off the recombined carmakers into a new company. If successful, the new company would become one of the largest car manufacturers in the world behind Toyota. The combined company would generate about $100 billion annually with sales of between 6 and 7 million cars a year

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Fiat plans to purchase GM Europe

Fiat Group, fresh from an agreement to buy a piece of troubled automaker Chrysler, has plans to purchase GM Europe and spin-off the recombined carmakers into a new company. If successful, the new company would become one of the largest car manufacturers in the world behind Toyota. The combined company would generate about $100 billion a year with sales of between 6 and 7 million cars a year.

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