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The Fiat office in Turin: The Italian government last week threw its full support behind the 20 percent stake in Chrysler (Photo: Flickr)

Fiat vying for major expansion

Italian car firm Fiat, which last week secured rights to a 20 percent stake in American automobile giant Chrylser, signalled over the weekend that it is also interested in a merger with embattled European carmaker Opel.

Top Fiat officials will meet German economy and foreign ministers on Monday (4 May) to discuss the basis of a deal.

Fiat's chief executive, Sergio Marchionne, told the Financial Times over the weekend: "From an engineering and industrial point of view, this is a ...

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The Fiat office in Turin: The Italian government last week threw its full support behind the 20 percent stake in Chrysler (Photo: Flickr)

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