|
FCA's share price got a lift last week after its French rival
said it was open to strategic opportunities in the auto sector,
sparking speculation the two companies could enter merger
discussions.
Marchionne added that since his proposal to tie up with GM had
been repeatedly rebuffed, the world's seventh-largest carmaker
had been approached by other players in the industry, but the
proposals were not sufficiently attractive to proceed.
Speaking to journalists at the Geneva auto show, Marchionne said
those proposals "don't give us enough of a shift in our capital
expenditure profile and coverage to justify the risks associated
with the association, so there is no use talking about it".
(Reporting by Agnieszka Flak)
[© 2016 Thomson Reuters. All rights
reserved.] Copyright 2016 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
 |
|
