It's a logical tidying up of their portfolio. With 2 billion euros worth of restructuring costs for Mercedes and Smart this year, it makes perfect sense.
More Quotes from Stephen Cheetham:
We see a very strong cash generation, a very strong top line, and are starting to see a stronger bottom line now as well.Stephen Cheetham
It doesn't solve Fiat's main problem of having too many costs in Italy,
Stephen Cheetham
This strikes us as a lot of cash up front for a highly uncertain benefit even were such a deal to happen, it would be unlikely to threaten existing joint ventures,
Stephen Cheetham
The figures look fine, they're slightly ahead of our expectations.
Stephen Cheetham
Overall, the figures look OK, but if you dig down deeper you see that European sales performance has been very weak, and that all the growth is coming from emerging markets.
Stephen Cheetham
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