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FACTBOX: Key facts of Fiat's proposal for GM assets

Thu May 7, 2009 11:07pm IST
 
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(Reuters) - Fiat SpA's (FIA.MI: Quote, Profile, Research) plan to merge its car business with some of General Motors' GM.N assets would create an automotive empire reaching from Europe to South America and Africa, according to presentation slides.

Here are some key facts of the plan presented in the slides obtained by Reuters on Thursday:

* Proposed combination includes GM Europe's Opel, Vauxhall and Saab brands, GM Mercosul (Brazil, Argentina, Uruguay, Paraguay) and GM South Africa

* Also includes Fiat group brands Fiat, Alfa Romeo, Lancia and LCV, while excluding Maserati and Ferrari

* Combined pro-forma revenues rise to 58 billion euros in 2010, 65.3 billion euros by 2014 (2008: Fiat standalone 27.4 billion euros, GM Europe and GM Latin America 37.5 billion euros)

* Incremental cumulative net cash flow of 5.6 billion euros in 2009-15, recurring savings after 2015 of 1.4 billion euros

* Combined entity will need funding of about 7 billion euros over the next two years, assuming no cash or financial debt contributions from Fiat or GM

* Plan will require finding "another production mission within Fiat Group" for its Termini Imerese plant, and "another mission" for its Luton plant For a story on Fiat's plans click on [ID:nL7108641]

(Compiled by Maria Sheahan; editing by Simon Jessop)

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