Fiat to Return to the U.S.

After a 25-year absence, the Italian automaker is looking for partners to make Alfas and the popular 500 subcompact in North America
Fireworks explode behind the new Fiat 500 car at the official presentation ceremony at the Murazzi on July 04, 2007 in Turin, Italy. Fiat launched the new Fiat 500 exactly 50 years after the very first model was produced in Turin. Giuseppe Cacace /Getty

Italian automaker Fiat (FIA.MI) is looking for partners to manufacture its Alfa Romeo brand and its 500 subcompact in North America. Although the company hasn't finalized plans for its return to the U.S. market, an announcement could come later this year, Fiat Group CEO Sergio Marchionne said Friday. "The U.S. market is very large, and we're not looking to occupy a premier position," Marchionne said. "But I think we do have a couple of brands and products that we can sell successfully there."

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