We’ve published a few outlandish rumors around here, but this new one, coming from Italy’s Quattroruote magazine, can definitely take the proverbial cake.
According to it, the Volkswagen Group is reportedly interested in buying Fiat’s Alfa Romeo division. In order to achieve it, VW plans to spend as much as 1 billion Euros, around $1.3 billion.
Volkswagen wants to be the largest carmaker in the world by 2018, and this new acquisition might help even more. The German company has already purchased a stake in Japanese carmaker Suzuki, and already owns another Italian brand, Lamborghini.
On the other side, Fiat has always said that the Alfa Romeo brand is in a bit of troubled position, at least in terms of earnings, but with models like the Giulietta, and the pending comeback onto American shores, it seems like Alfa is still alright.
Frankly, we’re not so confident in this report, but if one company can go after Alfa Romeo, it’s Volkswagen.