Summer Sale Extended! Get unlimited digital access for 13 weeks for $13.
Topics

Fiat Chrysler Automobiles

Fiat Chrysler CEO goads GM to reconsider merger

Fiat Chrysler CEO goads GM to reconsider merger

Sergio Marchionne, CEO of Fiat Chrysler Automobiles, said the profits and savings that would result from a merger with General Motors are too big for the rival automaker to ignore. Marchionne, in a story published Sunday evening by Automotive News, asserts that a merger between the two automakers could generate up to $30 billion annually in earnings before taxes, amortization and depreciation. The idea isn't new, but Marchionne's estimates of potential profits and his forceful tone are. The outspoken CEO sent GM CEO Mary Barra an email earlier this year outlining his idea for a merger of the two automakers and the reasons it makes sense. Since then, Barra has said both publicly...

Loading
84°