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Volkswagen "open to talks" with Fiat-Chrysler on possible merger


Volkswagen has reportedly backtracked on previous reports about a merger with Fiat-Chrysler, following General Motors' recent sale of Opel / Vauxhall to the PSA Group.

Earlier this month, FCA CEO Sergio Marchionne told Bloomberg at the Geneva Motor Show that he expects Volkswagen Automotive Group (VAG) boss, Matthias Mueller, to come with a proposal on merging soon, as the new PSA-Opel link-up could pose a threat to Volkswagen's current position as Europe's biggest automaker.

Mueller however stated that the company was too busy sorting out its own woes relating from the emissions scandal to be drawn into merger talks, but has now hinted that talks with FCA are not out of the question.

"I am not ruling out a conversation. It would be very helpful if Mr. Marchionne were to communicate his considerations to me too and not just to you," Mueller told reporters at Volkswagen's annual press conference in Wolfsburg on Wednesday.

His remarks also comes not long after Volkswagen signed a memorandum of understanding with Indian auto giant Tata to develop products jointly, the first allegedly slated for release in 2019, with the German marque's Skoda division likely to be the dominant force in the newfound alliance.

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