Financial Times FT.com

Fiat makes offer for TK Aluminum

By Adrian Michaels in Milan and John Reed in London

Published: July 29 2007 22:18 | Last updated: July 29 2007 22:18

Fiat has made an offer to buy TK Aluminum, another of its components suppliers which is in deep financial difficulty and whose failure could disrupt car production at the Italian industrial group.

Fiat may learn as early as Monday if its offer has been accepted. If so, it will be the third supplier that it has taken over or helped to bail out in a year, reflecting changing trends in the supply chain of the car industry.

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