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New merger-talk record set?

by David Zatz on

The last major FCA merger rumor circulated way back in May, which might mean that today sets a record for the longest time between FCA merger rumors.

With FCA’s finances steadily improving, Alfa Romeo garnering good reviews, the factory shuffle bearing fruit, and new engines on the way, pundits seem to have laid the constant talk of rumors to one side — especially since Sergio Marchionne tried to discourage them back in January.

FCA stock (FCAU) hit $11.95 (it’s now close at $11.93), even though the auto industry’s US sales are expected to decline over the coming year. FCA, though, has been profiting from the public’s rapid shift from compact/midsize sedans to crossovers.

Sergio Marchionne has not been seen much lately, leaving fewer utterances to be freed from context (though some would say that’s a sign, too, because executives of companies about to merge or acquire/be acquired have strict limits on what they can say).

Sergio Marchionne said the company would go its own way at least through its “net-debt-free” point in, if all goes well, 2018.  He is due to retire around April 2019 — leaving reporters with much less to write about.

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