By on March 16, 2017

marchionne looking pleased

Fiat Chrysler Automobiles CEO Sergio Marchionne changed his stance on the appeal of a potential merger with Volkswagen AG, saying he now has “zero interest” after being publicly spurned by company CEO Matthias Müller.

Marchionne had previously expressed a repeated interest in sharing business with the German automaker, especially with regard to green technologies.

However, after an initial remark where he said he was “not ruling out a conversation,” Müller explained that he had no direct contact with the FCA CEO. “It would be very helpful if Mr. Marchionne were to communicate his considerations to me too and not just to you,” Müller told German reporters on Tuesday. “I am pretty confident about the future of Volkswagen, with or without Marchionne,” he concluded. 

The pronouncement did not go over well with Sergio, and he noticeably changed his tune when speaking to reporters just a day later.

“I will not call Matthias. I have no interest,” said Marchionne. “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 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,” Marchionne told the press on Wednesday after President Trump’s visit to Detroit. “We are the only natural combination partner for somebody who wants to do that. If you were playing a chess board game, that’s what you would do.”

Thanks to the fresh drama, the possibility of a merger between the two automakers seems less and less likely, although Marchionne seemed to indicate Müller could still reach out to him in what amounts to a look-who-came-crawling-back scenario and personally ask to make a deal. The prospects of that occurring seem less than certain.

 

We have a feeling this European telenovela is far from over.

[Image: Fiat Chrysler Automobiles]   [Source: Reuters]

Get the latest TTAC e-Newsletter!

17 Comments on “FCA’s Marchionne Changes Tune on VW After Unflattering Remarks From Müller...”


Read all comments

Back to TopLeave a Reply

You must be logged in to post a comment.

Recent Comments

  • ja-gti: Anyone else getting the feeling that all the billions EVERY car company is investing in all-electric vehicles...
  • ajla: I think it’s alright although the headlight/hood outline is a little weird. I put its looks about equal...
  • Good ole dayz: True. And one can have sex with a blowup doll. Some are content with artificial.
  • Inside Looking Out: In the world of Sloan’s ladder FIAT would be Chevy, Alfa – Pontiac, Lancia Oldsmobile...
  • Inside Looking Out: Alfa can always add exiting sexy ICE sounds synthesized by Chinese microcontrollers.

New Car Research

Get a Free Dealer Quote

Who We Are

  • Adam Tonge
  • Bozi Tatarevic
  • Corey Lewis
  • Jo Borras
  • Mark Baruth
  • Ronnie Schreiber