UPDATE: Fiat CEO Reiterates Interest For Opel - Report
June 05 2009 - 7:00AM
Dow Jones News
Fiat SpA (F.MI) Chief Executive Sergio Marchionne Friday
reiterated the carmaker's interest in taking over General Motors
Corp.'s (GMGMQ) unit Adam Opel Gmbh but said it doesn't depend on
him, Italian newswire service Ansa reports Friday.
"The interest is still there," Marchionne said on the sidelines
of an event in Turin. A Fiat spokesman wasn't immediately available
for comment.
When asked if Fiat already used a EUR1 billion credit-line
facility granted by a group of banks earlier this year, Marchionne
said Fiat doesn't need it for now.
Fiat's chief executive added that the company is still working
on Chrylser at the moment.
"Chrysler will have a great future," Marchionne said. "We will
be able to handle everything."
In April, Fiat announced an alliance with Chrysler to produce
cars in the U.S.
Shares of Fiat suffered a new wave of selling Friday. At 1115
GMT, they were down 0.7% at EUR7.66 on an overall slightly positive
market.
-By Sabrina Cohen, Dow Jones Newswires; +39 02 5821 9906;
sabrina.cohen@dowjones.com