Marchionne has no plans for another GM offer
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(Reuters) -- Fiat Chrysler Cars CEO Sergio Marchionne will not want to create another offer to unite with Gm after being declined by its U.S. competition four months past, the New York Times quoted him as saying.
Marchionne has sought to get opponents and investors the car industry wants another round of consolidation to talk about the expense of constructing more eco-friendly and more intelligent automobiles. In March, he sent a message to Mary Barra, his counterpart at General Motors Corporation, having a merger suggestion but was snubbed.
"I was rebuffed once, and that I will not go back to get my nose bloodied a second-time," Marchionne said on Tuesday, the newspaper said, speaking on the sidelines of a ceremony to start labor agreement discussions with the UAW.
Marchionne stated he had not been giving up on his effort to decrease the amount of players in the business. "The pitch is because there's a better to way to run ecommerce," he mentioned. "I will wait, and we'll take action."
Marchionne's opinions about General Motors seem to compare with these produced by FCA Chairman John Elkann who informed The Wall Street Journal within an interview earlier this month he was not quitting on forging a partnership with General Motors Corporation.
Fiat Chrysler couldn't immediately be reached for comment.
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Amalgamations - Acquisitions - Takeovers
Sergio Marchionne
Fiat Chrysler Cars
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