Fiat-Chrysler CEO Sergio Marchionne is reportedly whittling down the list of potential automotive merger partners and it’s now down to three.
A Reuters report suggests that he now views the short list of potential FCA suitors as down to Toyota, Volkswagen and Ford. Marchionne made the remarks to journalists on the sidelines of a shareholder meeting in Amsterdam.
Go deeper with GlobalData
Reuters said that Marchionne also noted the Koreans were a possibility in terms of synergies to make a merger worthwhile, but said the “the Koreans don’t get married”.
“The door (on M&A) never closed, the need to consolidate does not go away,” he told Reuters.
He said he would be the one doing the merger if it happens during his tenure, which runs until the end of 2018, but if it is later than that, it would be “other people’s problem”, the report added.
See Also:
Marchionne is keen to reduce the number of players in the auto industry and share the high costs of building greener and more intelligent cars, exploiting scale economies. He has made no secret of his preference for FCA to be part of a larger group and has made overtures to a number of OEMs. Last year he was rebuffed by General Motors.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataSee also: FCA talking to ‘non-core’ auto players – Marchionne
