Fiat Motors Is Worth Only $5.5b
By Edward Niedermeyer
May 6, 2009
Considerare lâaritmetica, asks Rob Cox at breakingviews.com. Sure, the Chrysler freebee deal has sent Fiat stock soaring, but if you strip away the non-auto components of the Fiat group and factor in the firmâs $8b in debt, and whatâs left is worth only $5.5b according to Coxâs math. Which means Fiat will face some major challenges in cobbling together its 5m annual global sales empire, a fact weâve already explored here. And based on Chryslerâs insatiable appetite for taxpayer dollars, Fiatâs going to have a tough time just feeding the cash-burn beast.
More here: http://www.breakingviews.com/sitecore/content/Home/2009/05/04/Fiat SOTP.aspx?sg=nytimes
By Edward Niedermeyer
May 6, 2009
Considerare lâaritmetica, asks Rob Cox at breakingviews.com. Sure, the Chrysler freebee deal has sent Fiat stock soaring, but if you strip away the non-auto components of the Fiat group and factor in the firmâs $8b in debt, and whatâs left is worth only $5.5b according to Coxâs math. Which means Fiat will face some major challenges in cobbling together its 5m annual global sales empire, a fact weâve already explored here. And based on Chryslerâs insatiable appetite for taxpayer dollars, Fiatâs going to have a tough time just feeding the cash-burn beast.
More here: http://www.breakingviews.com/sitecore/content/Home/2009/05/04/Fiat SOTP.aspx?sg=nytimes