Four months earlier, Fiat Chrysler declared it was stopping the dating scene after it had been snubbed by General Motors. Although the CEO has something else to say.
Sergio Marchionne told reporters last week that he thinks a future merger could be in the cards in between his firm and Toyota Motor, Volkswagen, or Ford Motor.
The CEO’s argument is that carmakers are getting rid of stacks of cash by not merging and becoming more effective.
“$10 billion of capital that might have been saved has been squandered” in the in 2015, states Marchionne.
Other executives with the automaker echoed Marchionne’s beliefs over the weekend noting that the company’s ideas of a consolidated auto market are “unchanged” as well as “still actual”.
FCA Chairman John Elkann informed investors in a letter recently that the company “requires two to tango” when it concerns investing billions of dollars on innovation advancements, keeping in mind that “most of our rivals are hectic with the great opportunities that technological disturbance needs to provide”.
It has been reported that Ford was fast to release a statement following FCA’s restored merger fever.
“As we regularly have stated, Ford has no plan or interest aside from to continue to accelerate our One Ford strategy,” the firm stated.
Earlier in January, Marchionne all but abandoned efforts to consolidate the auto market after practically everyone stated “no, thanks”.
He went on to state that FCA had not been going to enter into anything “as long as there are much better options out there than the ones we were being offered … that we ought to not be considering exactly what I consider to be sub-optimal options for the market going forward”.
