Alfa Romeo doesn’t resonate on many Americans’ lust radar, largely because the Italian manufacturer has not sold cars here for more than a decade. That’s changing next summer, though, when Alfa Romeo reenters the U.S. market with the $250,000 8C Competizione, with more models promised to follow in 2009.
Alfa Romeo's CEO, Antonio Baravalle, has announced that he will step down from the position. Baravalle, 42, has been with Fiat — Alfa Romeo's parent company — since 1999 and will now become CEO of of Einaudi, the publishing house of Italy's Mondadori media group.
Fiat has yet to comment on situation, but Automotive News Europe is reporting that Baravalle left on his own accord.
Fiat is expected to pick an internal candidate to take over the position.
The Fiat Group Automobiles doesn't report its brands financial standings, but it is believed that Alfa Romeo is its biggest money loser.
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