Volkswagen has opened a tiny crack in the door to a possible merger with rival Fiat Chrysler Automobiles, which, if it ever happened, would set off a potentially seismic shakeup in the global automotive industry.
Volkswagen global CEO Matthias Mueller told reporters in Germany on Tuesday, “I am not ruling out a conversation,” He said he had not yet spoken with Fiat Chrysler CEO Sergio Marchionne about the topic but that “it would be very helpful if Mr. Marchionne were to communicate his considerations to me, too, and not just to you.”
His comments, which came after an annual press conference, signal a possible speedup in consolidation for an industry that’s on the verge of massive upheaval via self-driving vehicles and ride-hailing applications.
Full Content: USA Today
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Plaintiffs Seek Communications In Antitrust Case Against Pioneer
May 9, 2024 by
CPI
UK Government Approves Vodafone-Hutchison Merger
May 9, 2024 by
CPI
Senate Majority Leader Announces Plan for AI Regulation Framework
May 9, 2024 by
CPI
BBVA Initiates Aggressive Takeover Bid for Sabadell
May 9, 2024 by
CPI
TikTok to Label AI-Generated Content Amid Election Interference Concerns
May 9, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI