Biography of Fiat to split the car business for corporate restructuring
In the new network, 21 Apr sources Tuesday, Italy industrial group Fiat will according to a new strategic plan to split its automobile business, which stimulate the Fiat's stock price rose nearly 9%.
To this end, Reuters a analyst quoted as saying that split the European automobile business will be the fifth largest car manufacturer Fiat has more flexible space to join industry consolidation trend.
Message quoted company Chairman Luca Cordero di Montezemolo, reported that during its Presidency of the Fiat CEO, six years after that he will resign. While the statement date happens to catch statement in the Fiat strategy published the day before, this statement will be Fiat and United States car factory Association Chrysler first.
It is learnt that the CEO Sergio Marchionne in a rush to convene a press conference that Fiat Board will on Wednesday morning Vice Chairman John Elkann took over the post of Chairman of the Board. Elkann has long been considered Montezemolo's successor.
In addition, Reuters also cited on the Fiat idea more familiar one source as saying that as part of the restructuring plan, Fiat, projects split its automotive sector.
This source also says the Fiat will also split after the two companies from the present to 2014 period of development plans.
(The Chinese news network)