FIAT is worth More than General Motors?
Are you kidding me? Last year at this time, the big news about General Motors was how in the world was it going to get out of being dragged down by its investment in Fiat. Earlier in 2005, GM paid $2 Billion for the privilege of not buying Fiat. Cut to December 2005, the London Financial Times has reported that Fiat is worth more than General Motors. Fiat Group has a market valuation of $12.87 billion, compared to GM's $12.67 billion. Two years ago GM's valuation was 7 times Fiat's. If GM doesn't turn things around soon, the'll be lucky to be worth 7 Fiats - not the car company, the individual cars.
Fiat worth more than GM. Really. - Autoblog - www.autoblog.com _
Friday, December 16, 2005
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