Anthony Posted April 14, 2017 Share Posted April 14, 2017 https://www.bloomberg.com/news/articles/2017-04-14/marchionne-halts-unrealistic-merger-dreams-for-fiat-chrysler Fiat Chrysler Chief Executive Officer Sergio Marchionne is putting his search for a merger on the back burner as he focuses on reaching the Italian American carmaker’s goal of eliminating debt before he retires in 2019."We need to be very careful that we don’t start unrealistic dreams about consolidation as we are on our way to achieve historically important results and a debt-free position," Marchionne told investors in Amsterdam at the company’s annual general meeting. "We are not at a point of time to discuss any alliance." Quote Link to comment Share on other sites More sharing options...
RichardJensen Posted April 14, 2017 Share Posted April 14, 2017 He's got about as much chance of getting rid of their debt as he has of suckering another company into a merger. Quote Link to comment Share on other sites More sharing options...
7Mary3 Posted April 14, 2017 Share Posted April 14, 2017 Is he just making this up as he goes along? Quote Link to comment Share on other sites More sharing options...
630land Posted April 14, 2017 Share Posted April 14, 2017 Instead of a "merger" he's looking for a "bailout", :P Quote Link to comment Share on other sites More sharing options...
twintornados Posted April 14, 2017 Share Posted April 14, 2017 (edited) He is the Italian version of "Maximum" Bob Lutz.... Edited April 14, 2017 by twintornados Quote Link to comment Share on other sites More sharing options...
J-150 Posted April 15, 2017 Share Posted April 15, 2017 I think everyone has turned him down. Quote Link to comment Share on other sites More sharing options...
tbone Posted April 15, 2017 Share Posted April 15, 2017 I can't believe this guy hasn't been removed. He is delusional, and does not live in reality. Quote Link to comment Share on other sites More sharing options...
jpd80 Posted April 15, 2017 Share Posted April 15, 2017 (edited) Seriously, Chrysler's Nth American operatons are the lion's share of the pre-tax income, the rest of the company (Fiat and its brands) is just a ride along addition. Edited April 15, 2017 by jpd80 Quote Link to comment Share on other sites More sharing options...
630land Posted April 17, 2017 Share Posted April 17, 2017 But per some fans "the soon to come Dodge RWD mid size sedans and coupes based on the Gulia will bring in oodles of buyers", since many are waiting!! Quote Link to comment Share on other sites More sharing options...
jpd80 Posted April 17, 2017 Share Posted April 17, 2017 (edited) It's funny that Sergio pours cold water on what was his own idea.... Edited April 17, 2017 by jpd80 Quote Link to comment Share on other sites More sharing options...
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