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Partners - Italy - Fiat and Ford team up to cut costs
Rome,Italy -The Buenos Aires Herald (Argentine)/Topix.net -Sept 10, 2005: -- Fiat Auto SpA has reached out to a new partner seven months after breaking off a broad alliance with General Motors Corp., announcing a more limited agreement yesterday with Ford Motor Co. that envisages working together on new models of their small cars... Both companies have been ailing, and analysts greeted the partnership as a necessary step to cut costs in a competitive global market plagued by overcapacity... Profit margins on small cars are often tight, and alliances are one way of cutting costs...
posted by Unknown @ 12:55 PM
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