A PYMNTS Company

Italy: Fiat’s Marchionne sees industry merger by 2018

By  |  May 28, 2015

Fiat Chrysler CEO Sergio Marchionne is convinced a merger in the auto industry will happen before 2018, he said during a visit to the carmaker’s Melfi plant in southern Italy.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    “I am absolutely certain that before 2018 there will be a merger,” he said in response to a question of whether he saw consolidation happening in the industry, without specifying whether this would involve FCA. “It’s my personal opinion, based on a gut feeling.”

    Sources familiar with the situation told Reuters that Marchionne was hoping to seal a big deal for FCA, possibly in the United States, but might struggle to find a partner.

     

    Full content: Reuters

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.