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US: GM CEO Mary Barra denies merger talks

 |  April 23, 2015

General Motors CEO Mary Barra is dismissing any talk of a possible merger with Fiat Chrysler Automobiles.

Barra tells analysts on a conference call that the company is focused on making its business more efficient and taking full advantage of its global size. She says GM won’t consider anything that would distract from those efforts.

Fiat Chrysler CEO Sergio Marchionne recently floated the idea of merging with GM or another global automaker. He is a proponent of industry consolidation and says only the biggest automakers will survive.

Barra says other automakers might want to consolidate, but GM is focused on its plan. That includes leading the industry in new mobility technologies.

“Only a very limited part of the economy will not depend on them in the near future,” it says. It lists 32 examples of such platforms, all but five of which are US based.


Full Content: USA Today


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