Fiat Floats Possible Chrysler Merger
The head of Fiat says Chrysler may need to merge with another automaker to survive.
Photo credit: fiatchrysler.com
Could Detroit’s Big Three automakers become the Huge Two? Or one?
It’s a possibility, according to the head of Fiat Chrysler, Sergio Marchionne.
Late last week Marchionne said combining Fiat Chrysler – also known as FCA – with Ford or General Motors would be technically feasible and might be a necessity for the automakers to achieve the kind of capital investment required to compete in the global marketplace.
But the chief economist for the Center for Automotive Research – Sean McAlinden – tells WDET’s Quinn Klinefelter Marchionne’s comments may be directed more at union leaders than his fellow car company CEO’s…
