Ser­gio Mar­chionne

FCA

Auto Car (UK) - - GENEVA MOTOR SHOW -

Mar­chionne be­lieves the sale of Opel to PSA means a loss of 15% to 20% of the syn­er­gies that might have been avail­able from a merger be­tween Fiat Chrysler Au­to­mo­biles and GM — but he still be­lieves such a deal would have “huge ben­e­fits”.

Link­ing with a new­comer from China would be no com­pen­sa­tion, he be­lieves. “The ben­e­fit of a merger is that you can bring down the costs where you op­er­ate,” he said. “A Chi­nese deal might be the thing to do if you’re think­ing 20 years ahead, but it’s not go­ing to fix the next five years.”

Mar­chionne was scathing about GM’S cit­ing of “geopo­lit­i­cal un­cer­tain­ties” as one of its rea­sons for quit­ting Europe. “We’re paid to man­age,” he said. “You can’t go di­vid­ing the world into geopo­lit­i­cal ar­eas.” He pointed out that both GM and FCA do busi­ness in Latin Amer­ica, which are hardly paragons of sta­bil­ity.

Asked if he had any in­ten­tion of sell­ing any FCA mar­que, Mar­chionne said FCA would not sell any­thing. “After me, you can do what you want,” he said, “but while I’m here, noth­ing will be sold.”

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