Fiat return Alfa Romeo to US
Fiat is moving production of Alfa Romeo cars to the United States. Such a move would save money for Fiat, which is suffering from the relative strength of the euro against the dollar, and mark a return of the Alfa Romeo brand to the United States after withdrawing it in 1995. Fiat planned to start North American production of Alfa cars by 2011 or 2012.
Fiat is already talking to Detroit’s major carmakers about sharing production of Alfa Romeos in the United States.
Fiat, which recently returned to profit, is also looking to return its Iveco trucks division to the United States and offer the relaunched Fiat 500.
Fiat, which has owned Alfa Romeo since 1986, stopped exporting the car to the United States in 1995. General Motors held a stake in Fiat until 2005, when it refused an option to buy the company, paying a $2 billion penalty.
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