Staff writer
Fiat Auto S.p.A. should form a strategic alliance with other automakers to be more competitive in the rapidly changing auto industry, the chief executive of IFI S.p.A., a major shareholder in the Fiat group, said Thursday.
"I think Fiat has a possibility of staying by itself," IFI CEO Umberto Agnelli said. "But, surely, it will be much stronger if the management (of Fiat) has some sort of cooperation with other firms. I think that this is something the managers are looking for."