Marchionne: FCA could merge with Ford or GMby Drew Johnson
FCA would at least be open to merging with Ford or GM.
Sergio Marchionne, the man who orchestrated the merger between Fiat and Chrysler, says it would be "technically feasible” for the newly minted Fiat Chrysler Automobiles to join forces with either Ford or General Motors.
"We don't have any restrictions,” Marchionne, CEO of FCA, told Bloomberg when asked about a possible merger with Ford or GM. Marchionne said the only condition for such an acquisition would be "saving the highest amount of capital.”
Despite his willingness to combine with one of the other Detroit Three, Marchionne was quick to add that there is "nothing substantive” to discuss at this time.
During Chrysler's bankruptcy filing there were rumors that the Auburn Hills-based automaker could merger with cross-town rival GM, but nothing ever materialized. Marchionne has long been in favor of automotive mergers — largely due to the benefits of economies of scale — but a merger between FCA and either Ford or GM seems highly unlikely at this point.
For their parts, both Ford and GM dismissed any potential merger with FCA.