Fiat Chrysler Chief Executive Sergio Marchionne remains interested in a merger with General Motors, saying on Tuesday that it still made sense even after GM sold its European operations to PSA Group.
Marchionne has long advocated more car industry mergers to share the prohibitive costs of making cleaner and more technologically advanced vehicles, but GM has firmly rebuffed his previous approaches.
“I never close any doors. I may shamelessly try and knock again … on the GM door or any door if I thought it was a good thing for the business. Absolutely, without even blinking,” Marchionne told reporters at the Geneva car show.
“The desirability of GM as a potential merger candidate remains untouched.”
FCA’s share price shot up last month on the day news of the talks between GM and PSA first emerged, with some analysts suggesting GM could be tempted to subsequently regain a foothold in Europe through FCA, which is more profitable than the Opel business that has been losing money for many years.
Full Content: Fortune
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
BHP Unveils £31bn Mining Megamerger Proposal with Anglo American
Apr 25, 2024 by
nhoch@pymnts.com
ByteDance Prefers Shutdown Over Sale of TikTok Amid US Ban Threats
Apr 25, 2024 by
CPI
FCC Votes to Restore Net Neutrality Rules
Apr 25, 2024 by
nhoch@pymnts.com
Apple Rejects Spotify’s Updated App Over In-App Pricing Disclosure
Apr 25, 2024 by
CPI
FCC Set to Reinstate Net Neutrality Rules Today
Apr 25, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI