Fiat-Chrysler Still Seeking Partners According to CEO Sergio Marchionne
Fiat– Chrysler CEO Sergio Marchionne isn’t one to sit idle. The head of both automakers recently said that he is actively searching for possible automotive alliances.
Marchionne has always been a firm believer that automakers should collaborate in sharing development and production costs. “We’re on the move,” Marchionne said on the sidelines of an industry event in Brussels, “We can be an active partner everywhere around the world.”
The CEO is not limiting himself to any automaker partnership either, stating that they will look at every viable option, even though there might not be many left in Europe. As for Asia, Suzuki and Mazda are among those that Marchionne is looking at, but won’t limit himself to these saying “there are many opportunities to look at.”
Marchionne also addressed the possible partnership between General Motors and Peugeot saying, “It’s crucial that the European situation is dealt with. If the hypothetical GM-Peugeot deal goes ahead, I hope they will take on the question of overcapacity. They must do it.”
The CEO also acknowledged that this year could see decline of volume in Europe and said that even the most optimistic of forecasts for new vehicles sales in Europe are flat through 2014.
[Source: Automotive News]
Jason Siu began his career in automotive journalism in 2003 with Modified Magazine, a property previously held by VerticalScope. As the West Coast Editor, he played a pivotal role while also extending his expertise to Modified Luxury & Exotics and Modified Mustangs. Beyond his editorial work, Jason authored two notable Cartech books. His tenure at AutoGuide.com saw him immersed in the daily news cycle, yet his passion for hands-on evaluation led him to focus on testing and product reviews, offering well-rounded recommendations to AutoGuide readers. Currently, as the Content Director for VerticalScope, Jason spearheads the content strategy for an array of online publications, a role that has him at the helm of ensuring quality and consistency across the board.
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