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FCA deal with GM or Ford “feasible”

by Bill Cawthon on

Fiat Chrysler Automobiles CEO Sergio Marchionne said that a deal with General Motors or Ford is “technically feasible,” according to a Bloomberg News report from an interview in Geneva today.

Marchionne-PressConf-Web

Marchionne didn’t specify what type of “deal” he envisioned, whether it might be a merger, an acquisition or a joint venture. GM and Ford currently have a joint development deal for a ten-speed automatic transmission, and GM and Chrysler once shared a mild-hybrid system.

“We don’t have any restrictions,” Marchionne said, adding that any tie-up must be based on saving the most on new vehicle development.

Marchionne went on to say that “bantering goes on all the time” but that nothing substantive has come from conversations with the other Detroit automakers. Spokespersons for Ford and General Motors said the companies are focused on their own plans and have no interest in a deal with FCA.

Bill Cawthon grew up in the auto industry in the 1950s. His Dad worked for Chrysler and Bill spent a number of Saturdays down on the plant floor at Dodge Main in Hamtramck. Bill is also the U.S. market correspondent for just-auto.com, a British auto industry publication, and a member of the Texas Auto Writers Association, which has named the Jeep Grand Cherokee the “SUV of Texas” several times and named the Ram 1500 as the “Truck of Texas” two years running.

Bill has owned five Plymouths (including the only 1962 “Texan”), one Dodge and one Chrysler and is still trying to figure out how to justify a Wrangler. He also has owned at least one of every 1:87 scale model of a Chrysler product. You can reach him directly at (206) 888-7324 or by using the form.


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