Fiat agrees to sell Toro to De Agostini

Newswire

TURIN, March 22 (Reuters) - Fiat has decided to sell its insurance division Toro to Italian publishing company De Agostini, a source close to the deal said on Saturday. Fiat had included Toro in an asset sale programme in order to raise cash for a plan to turn around its loss-making car arm Fiat Auto. The source did not give a value for the deal, but Toro has been estimated to be worth around two billion euros. (Reuters newsroom +39-06-85224350, fax +39-06-8540568))

Premium Content (PAID Subscription Required)

"Fiat agrees to sell Toro to De Agostini" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.

Sponsored Introduction Continue on to (or wait seconds) ×