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FCA's Marchionne Says Trump May Favor Merger With General Motors

FCA's Marchionne Says Trump May Favor Merger With General Motors

 Source:Bloomberg | Publication date: Jan 9, 2017 | Author(s):Tommaso Ebhardt and Jamie Butters

Fiat Chrysler Automobiles chief executive Sergio Marchionne has suggested that President-elect Donald Trump may support the idea of his company merging with General Motors.

Speaking in Italian to reporters at the Detroit auto show, Marchionne said “from what I understand, I believe that Trump should like a GM-Chrysler tie-up.” Marchionne indicated that he had not been in contact with Trump regarding the matter and qualified that he was not actively pursuing any unions. “Nobody wanted to dance, the music stopped,” he told members of the media.

Marchionne has advocated that FCA and other automakers competitors could save up to 2 billion euros a week through consolidation.

In 2015, General Motors CEO Mary Barra rebuffed Marchionne’s suggestion of a merger, maintaining that the company was better positioned in the industry by maintaining the status quo.

Read full article at: Bloomberg »





 
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  1. mrickan
    I'd just love to be a fly on the wall each time Mary Barra reacts to these overtures.

    This is starting to get a creepy, awkward vibe.
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