You guys know anything about a possible Chrysler and GM merger?
http://www.autonews.com/article/2015...er-email-to-gm
TURIN (Reuters) - The chairman of Fiat Chrysler Automobiles, John Elkann, today confirmed that CEO Sergio Marchionne had sent an email to General Motors about a possible tie-up. Elkann said discussions had taken place with other players as well.
The
New York Times on Saturday
reported that Marchionne had sent an email to GM CEO Mary Barra in March suggesting that the two companies combine.
Marchionne said on Thursday he could not confirm the report. He said he writes "lots of emails."
"It was not the only email, it was not the only conversation," Elkann told reporters today when asked about the
New York Times report.
Marchionne's email suggested a merged GM and Fiat Chrysler would save billions of dollars in costs and create an automotive giant, according to the paper. The idea of a merger did not interest Barra or any other GM executives, the report said.