Fiat S.p.A. has denied any truth to a recent analyst report that suggested that Alfa Romeo could be bought by Volkswagen AG. Fiat S.p.A. Chairman Luca di Montezemolo puts any doubts to rest when he asserted that Alfa Romeo is not for sale "under any circumstances." In an interview with Reuters, Montezemolo said that the company will soon present the new Alfa that will replace the 147. In addition, he said that he sees important opportunities for Alfa Romeo in the US.
The report that had Fiat issuing such a stern denial stemmed from analysts from the asset management fund Sanford Bernstein who said on Dec. 10 that "Alfa may not be expensive and its cars would fit on VW's platforms."
Recently, VW bought stakes in Porsche and Suzuki Motor Corp. It had analysts suggesting that Alfa could help VW group's Audi brand better complete with its German rivals Mercedes-Benz and BMW.