Only months after sealing an alliance with Chrysler, FIAT SpA has won the Italian Government’s approval to acquire niche stylist and coachbuilder Bertone.
Running into financial difficulties after the death of its owner Giuseppe Bertone, Bertone was put into special administration in 2007.
Fiat’s plan for Bertone includes a €150 million investment over the next three years, using the specialist company to design and develop future models and special editions of existing lines.
Italian Industry Minister Claudio Scajola said this week that the Italian Government approved the sale of Bertone to Fiat because it offered the best industrial plan out of the interested bidders.
FIAT CEO Sergio Marchionne was optimistic in the lead-up to the Italian Government’s decision-
Bertone’s most recent creation, the Corvette ZR-1 based Bertone Mantide (pictured), is expected to enter limited production soon. Bertone's manufacturing facility is now a possiblity for European production of high-line Chrysler products like the 300C Hemi.