NEW YORK (TheStreet) — Bought or be bought? Sergio Marchionne, CEO of Fiat Chrysler Automobiles (FCAU), would rather not say. What he will discuss is the auto industry consolidation, in which FCA intends to participate.
Earlier in the week, sources told Reuters that Marchionne is determined to execute a major deal before stepping down in 2019, possibly in the U.S. and possibly with General Motors. The Agnelli family, Fiat’s founders, is interested in GM, whose strengths and weaknesses complement FCA’s. For more information read: http://www.thestreet.com/story/13116977/1/fiat-chrysler-ceo-marchionne-possibly-on-prowl-for-a-deal-with-gm.html?puc=yahoo&cm_ven=YAHOO