Report: Volkswagen CEO not ruling out Fiat-Chrysler merger talks
Volkswagen CEO Matthias Mueller isn’t ruling out the possibility of merger discussions with Fiat Chrysler, according to comments made following a news conference Tuesday.
According to Reuters, Mueller said he is not ruling out conversations with Fiat-Chrysler CEO Sergio Marchionne.
From the Reuters report:
Only last week, Mueller appeared to dismiss the prospect of talks with Fiat Chrysler (FCA), saying VW had enough on its plate as it struggled to overcome its emissions scandal and push a wide-ranging business transformation.
"We are not ready for talks about anything," he had told Reuters on the sidelines of the Geneva auto show last week. "I haven't seen Marchionne for months," he had added.
Marchionne has long advocated car industry mergers to share the costs of making cleaner and more technologically advanced vehicles and has repeatedly relayed his desire via the media.
"It would be very helpful if Mr. Marchionne were to communicate his considerations to me too and not just to you," Mueller said.
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