Senior officials at Fiat Chrysler Automobiles are sending out signals that they’d like to find another partner, barely a year after the trans-Atlantic alliance was officially completed. Such a deal could be come together – if a willing partner can be found – before CEO Sergio Marchionne’s planned retirement in 2019, according to various sources.
Marchionne has made a number of comments in recent months underscoring his desire to address fundamental problems that could limit FCA’s ability to compete in an increasingly competitive global auto industry.
Now, FCA Chairman John Elkann has weighed in. While he didn’t specifically say his company was on the prowl, Elkann wrote shareholders at Exor, which owns 29.2% of FCA, “I’m convinced that the industry needs and will see more consolidation in the future.”