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Marchionne: I have no interest in VW merger

17.03.2017

Outspoken Fiat-Chrysler CEO, Sergio Marchionne, has reportedly hit back at Volkswagen boss Matthias Mueller over claims about a possible merger of the two companies.

Addressing the media in Wolfsburg this past week, Mueller stated that company is open for talks after Marchionne told the media at the Geneva Motor Show that he expects a call from the former Porsche soon following General Motors' sale of Opel / Vauxhall to the PSA Group earlier this month.

Although initially claiming that Volkswagen had no interest in discussing mergers as it continues to recover from the emissions scandal, Mueller said he has not ruled out any discussion and that "it would be very helpful if Mr. Marchionne were to communicate his considerations to me too and not just to you".

Speaking in Detroit on the same day though shortly after meeting with US President Donald Trump, Marchionne seemingly backtracked on his original statement, saying he has "no interest" in collaborating with the German auto giant.

"I only said that if you were the No. 1 automaker in Europe and somebody combines with another automaker to become the second and gets very close to your position, your very first reaction is to distance the second again," Automotive News quoted him as saying.

"If he wants to come, he knows where I live. I didn't chase him and I have no intention of chasing him. But if I'm right on consolidation and the fact you need to build scale, we're the natural place to go for him. I will not call Matthias. I have no interest".

Article written by Autodealer
17.03.2017
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