Fiat Buys Bertone May Build Chryslers in Italy: Autos and Chrysler Motor Policy for Automobile

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Fiat Buys Bertone, May Build Chryslers in Italy

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The Italian government has approved the sale of the Bertone Group to Fiat. Bertone, founded in 1912, was responsible for scores of car designs, including the Lamborghini Miura and Countach, Audi 50, and Volvo 780. The company had suffered financial troubles since it lost vehicle-production contracts at the end of 2005.

Fiat plans to invest $216 million in Bertone’s facilities and says it will use the Turin, Italy, plant to build cars for both Europe and North America. The Wall Street Journal speculates the plant will build new Chrysler-branded products. Fiat bought a 20-percent stake in Chrysler during the company’s bankruptcy.

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Fiat Buys Bertone, May Build Chryslers in Italy
Fiat Buys Bertone, May Build Chryslers in Italy

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