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FCA spurning Peugeot

by David Zatz on

FCA does not wish to merge with Peugeot-Citroën (PSA), because any automotive partner must be strong in China, according to Sergio Marchionne. Speaking with Reuters, the chief executive of Fiat Chrysler also said he was looking to hook up with non-auto-producing companies to bolster driving automation and electronics.

Marchionne-PressConf-Web

Mr. Marchionne said that FCA’s strong presence in North America, Europe, and Latin America were countered by weakness in China. FCA, according to its own reports, is fairly weak in most of the Asia-Pacific region.


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