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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (65389)	6/24/2005 4:46:13 AM
From: GUSTAVE JAEGER	Respond to of 74559

I see you're a car-industry buff... What's your take on this: Silly season By Brian Groom Published: June 23 2005 03:00 \| Last updated: June 23 2005 The silly season, when journalists will write anything to fill their summer newspapers, seems to have come early to Italy. So early, that even the markets fell for a rumour that Carlo De Benedetti was about to step in to rescue Fiat's lossmaking car operations. The veteran businessman was Fiat's chief executive for only three months back in 1976 before falling out with the Agnelli family. He subsequently took over Olivetti and built a business empire. The mere suggestion he was considering taking charge of Fiat's car division sent the Turin group's shares soaring on the eve of today's annual meeting. The rest of this article is for FT.com subscribers only news.ft.com Actually, the full gossip --as reported in a radio newscast I heard this morning-- is that Carlo De Benedetti plans to sell Fiat Auto to a CHINESE group!!!