Marchionne wanted Fiat-Chrysler merging with General Motors [updated]

Posted on 24-05-2015 at 17:32 by Dizono – 15 Comments”

Sergio Marchionne once had a dream. A American Dream.

Sergio Marcionne as CEO of the former Fiat S. p.A. responsible for the successful merger between the Italian brand and Chrysler. Since the beginning of last year, going to that company by the FCA: Fiat Chrysler Autmobiles. And also this company is Marchionne the CEO.

Chrysler was in 2009 on the edge of the abyss, but together with the Italians they sold last year, 4.6 million cars. The she for the wind, but in numbers they are still doing well under for competitors General Motors and Volkswagen, both of which are about twice as many cars to sell. Marchionne, clearly captivated by the American Dream, had a clever plan in order to change.

According to the New York Times has it General Motors CEO Mary T. Barra a long email, in which Marchionne from the cloth does how their two companies could merge to become the biggest car manufacturer in the world. A by Barra logically, it is not taken as a serious. Marchionne, not used to his sentence, found it then necessary to go roeptoeteren:

“I think it is absolutely clear that the amount of capital waste that’s going on in this industry is something that certainly requires remedy […] A remedy in our view is through consolidation.”

Kaptiaalvernietiging so, all those different brands. But Fiat’s almost desperate call for a merger partner did anything but good in the stock market, in two days decreased the shares of ten percent. In the summer of 2014 went down the rumours that VAG the Italian-American toko wanted to take over, but that eventually went through.

Update (09-06): GM does not pull in a acquisition and wants instead to cut costs and try the turnover to increase. What a pity for uncle Sergio.