Deals
Marchionne Tells Piech to Drop It Over Alfa Romeo Purchase Talk
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Fiat SpA Chief Executive Officer Sergio Marchionne said Volkswagen AG Chairman Ferdinand Piech can forget about getting his hands on the Alfa Romeo brand, in the latest war of words between the two automakers.
VW CEO Martin Winterkorn revived speculation that Europe’s largest carmaker wants to buy Alfa Romeo after saying Aug. 31 he still finds the Italian brand owned by Fiat attractive. German and Italian media have since reported on renewed efforts by VW to acquire Alfa Romeo. Piech first expressed VW’s interest two years ago at the Paris Motor Show.