++ [ originally posted by sallyinzaghi ] ++
You know; FIAT hasn't been in an all good state either, would that affect Juventus? Now with Umberto gone, I fear for any kind of disruption to the company... but FIAT has an alternate choice AFAIK, don't know what exactly it is but if they choose that other option they'll be biggest shareholders or something
The car section of the Fiat Group has been underperforming for some time, but the Fiat group is much more than just cars : they own or have interests in banks, insurance companies, publishing houses, newspapers, telecom companies, mass marketing companies etc, most of which if not all are doing fine.
Im not sure of what you meant in the second part of your statement. Perhaps you are alluding to the 20% stake that General Motors bought from Fiat Auto : an agreement was reached stipulating that Fiat can sell the rest of their car department to GM in 2006 or buy back the 20% now belonging to GM or just leave things as they are.
Although the market suggests that Fiat should sell its car department to GM, the Agnelli's are reluctant to make that move, since Fiat Auto is kind of symbolic for them (that is how their Empire started more than 100 years ago) and for Italy as a whole. It's a bit as if British Airways became german or General Electric was sold to the Japanese if you like.