Speaking to a group of media at the 2015 Frankfurt Motor Show, Mary Barra, General Motors CEO, tackled the idea of a Fiat-Chrysler Autos merger.
Her final answer? A definite no.
“We have studied this issue thoroughly and in great detail, with both internal resources and external experts and it is not in the best interest of the General Motors shareholder,” Barra told Reuters.
She insisted GM has the scale and resources it needs to invest in its own technologies, without a merger or tie up with another automaker. Specifically, she highlighted the 2016 Opel Astra, which has been completely worked over into a world-class compact car with the company’s own resources.
“When you look at the work that we are doing to put connectivity in the vehicles … looking at the forward looking technologies that you need in a vehicle, also all the propulsion technologies … that is our focus, delivering the best return to our shareholders,” she said. “We have the scale necessary to accomplish that.”
Additionally, she said she has never directly discussed merger possibilities with FCA CEO, Sergio Marchionne, and has not received any follow-up requests after she rejected the idea via email.
This hasn’t stopped Marchionne from finding a way to woo GM into a merger, as he has gone on the record recently saying it only makes sense to consolidate the industry to reduce redundant investment.