Müller: ‘Size Does Not Matter,’ VW Not Counting Out FCA Friendship
Matthias MÃ¼ller, CEO of Volkswagen Group, said in a press conference he hasn’t excluded the possibility of a merger with Fiat Chrysler Automotive.
MÃ¼ller said, â€œThere has been no contact at this point between (CEO of FCA) Mr. Marchionne and me, but I have never said I would exclude it.”
“In my opinion, size does not matter. I have always said volume is not our sole goal. We want to be a successful manufacturer in every way.”
MÃ¼ller said this in response to Marchionne’s merger claim at the Geneva Motor Show. The FCA big wig said VW would take the hardest toll from GM’s sale of Opel to PSA Group, and would then want a new partner.
“It would be very helpful if Mr. Marchionne were to communicate his considerations to me too, and not just to you,” the likely frustrated MÃ¼ller told reporters at the conference.
Marchionne “has no doubt” VW will at least be interested in talking to FCA for a potential partnership, butÂ MÃ¼ller is not as convinced as the FCA boss seems to believe.
“I am pretty confident about the future of Volkswagen, with or without Marchionne,”Â MÃ¼ller said, likely hurting Marchionne’s feelings.
This is not Marchionne’s first merger proposal. He was promptly shut down after heÂ called on Mary Barra toÂ hug it out with various, erm,Â intensities.
[Source: Autocar, Automotive News Europe]
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March 14, 2017 at 06:03AM