Fiat, the Italian car
manufacturer, is set to realign its £150m
European media advertising business into WPP-owned
agencies, a move that will see Mediaedge:cia
take the £10m UK account from Publicis
Groupe's Starcom, reports Media Week.
The Fiat Group designs,
produces and sells cars worldwide under the
Fiat, Alfa Romeo, Lancia, Fiat Professional
and Abarth brands. Luxury sports marques
Maserati and Ferrari are also part of the
Fiat Group.
Earlier this year, Fiat
moved its £8m Alfa Romeo account out of
Starcom and into MEC, but Starcom continued
to handle planning and buying for Fiat cars. The latest move is
expected to start from January (2009), and
ends a 17-year relationship that began when
Leo Burnett and DMB&B, the two networks that
went on to launch Starcom MediaVest, were
named as Fiat agencies in 1991.
Since 2005, the Fiat
Group has undergone a restructure and
performed well. However, the Italian
carmaker admitted to being caught in "the
perfect storm" of adverse market conditions
that will necessitate an increase in the
sale price of its cars in line with raw
material price hikes. It is not known if Fiat's
creative account in the UK, handled by Krow
since 2006, will be affected by the
realignment.
|