Fiat needs alliances to survive - CEO

Newswire

MILAN, Oct 26 (Reuters) - Italian industrial group Fiat needs industrial alliances to survive, its CEO Sergio Marchionne told a conference call on third quarter results. "We need to be very cognisant of the fact that tieing up with competitors both in terms of product development and geographical coverage is going to be the only way in which we are going to guarantee the long-term survival of Fiat," Marchionne said. He said that in terms of the alliances Fiat already had, that with ...

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