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FCA CEO Manley - Renault is not the only potantial partner

Istanbul, Aug 5 () - Fiat Chrysler Automobiles CEO Mike Manley left the door open to continuing merger talks with Renault or listening to fresh offers from others, the Automotive News reported. "We are open to opportunity" Manley said on a call with analysts...

English News 05.08.2019, 08:58
16
FCA CEO Manley - Renault is not the only potantial partner

Istanbul, Aug 5 () - Fiat Chrysler Automobiles CEO Mike Manley left the door open to continuing merger talks with Renault or listening to fresh offers from others, the Automotive News reported.
"We are open to opportunity" Manley said on a call with analysts during FCA's first earnings release since a failed attempt to merge with Renault. "I have no doubt why there still would be interest in it" he added, when pressed on what it would take to revive talks with Renault.
Manley said automakers are not the only potential partners.
"There are cooperations that can help in specific technologies. There are cooperations as we think about the consumer-car interface" he said. "You could see collaborations that never would be there in the past."
"Strategically, we have a solid future and clear plans that are being invested in and are underway now," Mike Manley said during a session with reporters the day after the company released better than expected second-quarter results.
"That isn't to say if there is a better future through an alliance or partnership or merger we wouldn’t be open and interested to it."
Fiat Chrysler is open to re-starting merger negotiations with French automaker Renault, Manley said, but added the French car maker is not the only potential partner to gain scale or plug gaps in Fiat Chrysler's technology or vehicle lineup.
"To say are they the only opportunity, the answer to that question would be a definitive ‘No,’" Manley said.
The Wall Street Journal reported on Friday that Renault and Nissan are trying again to reshape their alliance and resolve disagreements that helped to derail the merger talks with Fiat Chrysler.
Fiat Chrysler has a commercial vehicle partnership with French rival Peugeot SA, and the two companies discussed a broader combination before Fiat Chrysler made its offer to Renault, people familiar with the situation have said.
 

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