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US: Ford not interested in tie-up with Fiat says CEO

By  |  April 24, 2016

Ford Motor is not interested in a tie-up with Fiat Chrysler Automobiles NV , Chief Executive Mark Fields said on Saturday, when asked about FCA head Sergio Marchionne’s remark that Ford could be a potential merger candidate.

“I can’t speak to what Sergio or others wake up and want to say,” Fields told reporters ahead of next week’s Beijing motor show.

After being rebuffed by General Motors last year, Marchionne said last week that Ford, Toyota Motor Corp and Volkswagen AG are the only remaining merger candidates for FCA.

Marchionne has long called for mergers among large automakers to help diffuse development costs for advanced cars that pollute less.

Fields largely reiterated a written statement Ford issued last week, saying: “I can just say we have no interest other than executing our plan, delivering product excellence and driving innovation in every part of our business. That is our sole focus.”

Full Content: Reuters

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