Like a rhythmic wave, Fiat-Chrysler Autos CEO, Sergio Marchionne, has once again stirred up chatter over an FCA-General Motors merger.
The latest comments come from CNBC, as he rebutted claims made in a new Standard & Poor report over the possibility of an FCA-GM merger.
The report utterly dismissed the idea of a merger happening, adding there were “significant integration and execution risks.”
Marchionne said he has not read the latest report, but had strong words on the dismissal of his continued merger proposals.
“With all due respect to Standard & Poor’s, it doesn’t understand anything,” he said at the sidelines of an event in Washington D.C.
Through his continued comments, GM CEO, Mary Barra, has made it crystal clear her company has zero interest in an FCA merger, noting GM’s scale is more than enough to go it alone. Industry analysts also continue to call the merger a bad deal in every aspect.