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Fiat Chrysler Automobiles chief Sergio Marchionne is reportedly considering his next move after an overture, earlier this year, to General Motors for a merger was rejected.
Sources have told Bloomberg that Marchionne is considering alternate options after being privately and publicly rejected by the General.
A few days ago, Mary Barra, CEO of General Motors, confirmed that she had received an email from Marchionne earlier this year requesting a meeting to discuss a merger between GM and FCA. After internal discussion, the company decided that its own plans would yield better gains.
“For the past few years, we've been merging with ourselves. We have scale and we're leveraging that. We're focused on that and not the other,” she told Bloomberg and other news outlets ahead of the company's annual general meeting.
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