Volkswagen CEO says not open to merger
talks with Fiat Chrysler
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[March 08, 2017]
GENEVA,
Switzerland (Reuters) - German carmaker Volkswagen <VOWG_p.DE> is not
open to merger talks with Italian rival Fiat Chrysler <FCHI.MI>, Chief
Executive Matthias Mueller said on Wednesday, rebuffing an overture from
FCA CEO Sergio Marchionne. |
![](../images/030817pics/news_q25.jpg)
Volkswagen CEO Matthias Mueller speaks during Volkswagen event ahead of
the 87th International Motor Show at Palexpo in Geneva, Switzerland,
March 6, 2017. REUTERS/Arnd Wiegmann |
"We are not ready
for talks about anything," he told Reuters on the fringes of the
Geneva auto show. "I haven't seen Marchionne for months."
"We have other problems," Mueller added.
Marchionne said on Tuesday at the show Volkswagen could be an
attractive prospective partner and may be interested in talks.
He has long advocated more car-industry mergers and has been
rejected more than once by General Motors <GM.N>, which this
week agreed to sell its European unit, Opel, to France's PSA
Group <PEUP.PA>.
(Reporting by Andreas Cremer and Ilona Wissenbach; Writing by
Georgina Prodhan; Editing by Christoph Steitz)
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