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Marchionne, however, said the door remains open for a possible Fiat Chrysler tie-up with GM, despite a reduction of synergies because of the sale which he estimated at 15%, according to a Reuters report. However, Marchionne, who has announced that he will step down from his Fiat Chrysler role as CEO in 2019, noted that a tie-up does not need to happen during his tenure. Johnson said the deal frees GM to invest more money in places where it can make greater profits. Shortly after that, Marchionne sent a letter to GM, urging its board to consider a combination of the two domestic automakers. That is still true today."While Marchionne was critical of GM and its decision to exit Europe, most Wall Street analysts praised the deal.
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collected by :John Max
as informed in
Marchionne, however, said the door remains open for a possible Fiat Chrysler tie-up with GM, despite a reduction of synergies because of the sale which he estimated at 15%, according to a Reuters report. However, Marchionne, who has announced that he will step down from his Fiat Chrysler role as CEO in 2019, noted that a tie-up does not need to happen during his tenure. Johnson said the deal frees GM to invest more money in places where it can make greater profits. Shortly after that, Marchionne sent a letter to GM, urging its board to consider a combination of the two domestic automakers. That is still true today."While Marchionne was critical of GM and its decision to exit Europe, most Wall Street analysts praised the deal.
read more visit us industry
collected by :John Max
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