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Friday, July 5, 2013

On Its Beggathon, PSA Bypasses Fiat


France’s PSA has been all over the world with hat in hand, looking for a charitable donation that may keep the carmaker alive a little longer. Things are so dire that it is news when PSA does not ask a carmaker for a donation. That carmaker is Fiat, itself short of funds.
Asked by Reuters if he had held talks with the Peugeot family, Fiat Chairman John Elkann said: “No.” However, Elkann made indications that he might take Peugeot if it’s really, really cheap:
“As we’ve said before, certainly if we were presented with an interesting opportunity, we would be open to considering it,” 
http://www.thetruthaboutcars.com

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