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Marchionne: No Fiat Chrysler Offers Being Considered

Marchionne: No Fiat Chrysler Offers Being Considered

Fiat Chrysler Automobiles CEO Sergio Marchionne says the company has gotten no offers for merger or acquisition. He went on to confirm FCA is not working on any “big deals” and continues to focus on executing its existing business plan.

Marchionne spoke with Automotive News on the sidelines of the Italian Formula One Grand Prix. As usual, Machionne wasn’t shy about his stance on company matters. The CEO reiterated that FCA will work to purify its business portfolio over time, suggesting it will spinoff its supplier and component businesses over time.

Additionally, Marchionne stated that FCA’s Maserati and Alfa Romeo brands were not in a shape to spinoff into their own entities yet. Instead, he feels the two brands need to be “self-sustaining” first and that they will not be spun off from FCA under his tenure.

Today’s remarks pour cold water on the recent chatter surrounding possible acquisitions of FCA assets. The loudest chatter has come from Chinese automaker Great Wall, who has publicly expressed high interest in acquiring the Jeep brand.





 

About Nick Saporito

AutoVerdict Senior Editor Nick Saporito began writing about cars at age 13. Nick ran a couple of automotive enthusiast sites for several years, before taking some time off to focus on his career and education. By day he's a marketing executive in the telecom world and by night he hangs out here at AV. You'll find him focusing on tech, design and the industry's future.
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  1. arutherford
    Of course they are going to say no...
    Andrew_L
    So much for the Chinese coming in to save them
    donmateo
    LMAO consider me SHOCKED
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