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Wednesday, April 22, 2009

Fiat:The deals not done yet...

I have just received from Fiat this press release concerning the proposed merger between Fiat and Chrysler.

With just 8 days to go before the deadline to reach an agreement the tension is high. Bruno Vitali, an Italian Union representative who is in Detroit to talk with the UAW, gave an interview with the Italian Newspaper ANSA and stated the deal is "90%" done. Fiat and the UAW have stepped up and denied this. Here is the official Fiat press release about the incident.

********* Fiat Press Release *********

Statement from Fiat spokesperson
We were surprised by the statement released to ANSA today by the FIM-CISL representative for the automotive sector, Bruno Vitali, in relation to the current negotiations with Chrysler.
No agreement has been concluded between Chrysler and trade unions in the US and Canada and the assertion that the overall agreement has been 90% defined is untrue.
The talks remain completely open and it is not currently possible to predict the timing or the outcome.

Turin, 22 April 2009

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