MILAN, Oct 26 (Reuters) - Italian holding company Ifil on Wednesday defended its recent investment to keep control of carmaker Fiat after ratings agency Standard & Poor's cut its rating on Ifil following the move. Ifil, through which the Agnelli family controls Fiat, said in a statement its investment in the carmaker made in September was valid and confirmed it believed in Fiat's relaunch.
Premium Content (PAID Subscription Required)
"Ifil stands by Fiat investment after S&P downgrade" 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
Lisa Williamson by email: firstname.lastname@example.org or phone: (248) 799-2642