Wednesday, March 28, 2007

Fiat worth more than GM and Ford. Combined.




You want turnaround? We got turnaround for you. Fiat, the same Fiat that was, abrely 18 months ago reckoned to be about to lose its finger-grip on the edge of the financial abyss, is now worth more than the combined worth of Ford and General Motors.

According to a report by the British government's Department of Trade and Industry, Fiat's shares are now worth €19.24 and the firm's total market capitalisation now stands at US$32.48 billion. Compare that with US$17.5 billion for GM and US$15.2 billion for Ford. That's a whole lot of Puntos...

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