|Fiat takes over Carrozzeria Bertone|
About a month ago Fiat made a non-binding offer to the contract manufacturing division of Bertone. Today Fiat's bid for Carrozzeria Bertone S.p.A. was approved by Italian Industry Minister Claudio Scajola. Fiat CEO Sergio Marchionne says that the automaker is interested in Bertone's Turin plant for niche vehicle production.
Bertone, founded in November 1912, is Italy's oldest contract manufacturer and consists of four branches: Carrozzeria Bertone, Stile Bertone, Bertone Engineering and Bertone Glass. The Bertone family lost control of the Carrozzeria when bankruptcy administrators took control in February 2008. The Bertone design business, which was not affected by the collapse of the contract manufacturing unit, remains in the hands of the Bertone family.
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