FCA CEO Sergio Marchionne believes consolidation will occur as early as 2018. Meanwhile, Opel won't be taking FCA's hand in marriage.
Opel CEO Karl-Thomas Neumann stated a merger between his company and FCA was not going to happen, though he agreed with Marchionne on principal regarding such mergers, Reuters reports, especially in regards to volume, scale and utilisation.
Opel's decision to remain within the General Motors family follows a similar rebuff by GM CEO Mary Barra, who received an email from Marchionne in March suggesting the two combine forces. When asked about the email on a recent visit to FCA's factory in Melfi, Italy, Marchionne said he writes "lots of emails," adding he doesn't talk about such major decisions as consolidation via email.
Meanwhile, Marchionne is holding onto the idea of consolidation overall, believing the industry will see the first occurrence as early as 2018. He didn't specify his company would be the one heading down the aisle in said consolidation, however.
[Source: neekoh.fl/Flickr/CC BY 2.0]
The post Marchionne Hearing Wedding Bells By 2018, No Marriage With Opel appeared first on The Truth About Cars.
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