GM CEO Dismisses Talk of Merger With Fiat Chrysler
General Motors CEO Mary Barra dismissed any talk of a possible merger with Fiat Chrysler Automobiles.
Barra told analysts on a conference call that the company is focused on making its business more efficient and taking full advantage of its global size. She said GM won’t consider anything that would distract from those efforts.
Fiat Chrysler CEO Sergio Marchionne recently floated the idea of merging with GM or another global automaker. He is a proponent of industry consolidation and said only the biggest automakers will survive.
Barra said other automakers might want to consolidate, but GM is focused on its plan. That includes leading the industry in new mobility technologies.
This article appeared in print in edition of Hamodia.
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