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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.

“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

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