It feels like it’s 2015 again. During a speech at the 2017 North American International Auto Show, Fiat-Chrysler CEO, Sergio Marchionne, once again discussed the possibility of a General Motors and FCA merger.
Except, this time, he thinks President-elect Donald Trump may be in favor of such action.
Fiat Chrysler Authority reports Marchionne felt Trump’s pro-business agenda may find love with the idea of a GM-FCA tie-up, although he backtracked to state FCA has not had any direct contact with Trump or his inbound administration.
Marchionne continues to call out the industry’s wasteful spending on new products as the main reason for a major merger like a GM-FCA relationship. FCA would benefit greatly from GM, as the company’s brands lack essential products to stay competitive in hot segments and a merger could fix FCA’s struggling emission and fuel economy targets.
However, it’s still no dice with GM. Tony Cervone, a GM spokesperson, told media the automaker takes the “same position now that we did back then,” in regards to the matter.