Fiat and BMW officially confirm agreement

posted: Wednesday 09 July 2008 by Alison in: BMW Fiat

produzione fiat It’s official: the agreement between Fiat Autombiles and BMW AG does not regard however, as first thought, the Mini and Fiat brands, but rather Mini and Alfa Romeo. A letter of intent (precluding the official contract), has been signed by Friedrich Eichner, member of BMW board of directors and brand development manager, and Alfredo Altavilla, head of business development at Fiat Automobiles and Fiat Powertrain Technologies.

The agreement includes engines and transmission as these are the principal technologies of the Powertrain division. The two sides have said “the possibilities of reaching a common use of components and systems on Alfa Romeo and Mini vehicles is being examined to create economies of scale and cost reduction”. If these initial contacts turn out well, Fiat and BMW should sign the definitive undertaking by the end of the year.

Via | Quattroruote

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