With the European market in a recession, Fiat is actively looking to form some kind of cost-saving alliance with another manufacturer.
After GM turned down Fiat's offer for Opel opting to tie-up its troubled European operations with PSA Peugeot Citroen instead, the company's CEO Sergio Marhionne (who denied having spoken to the French before GM did) is now open to courting Volvo.
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