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Automotive News reported on Monday that Fiat Chrysler Automobiles rebuffed a buyout offer from a Chinese carmaker.
FCA CEO Sergio Marchionne has been trying to merge the company with another automaker for years, so the news wasn't exactly earth-shattering, and Automotive News wasn't able to pin down exactly which Chinese company made the bid.
But it's pretty clear that Marchionne's game plan before he retires in 2019 is to complete an arc for FCA that began back in 2009, when Fiat took bankrupt Chrysler off the US federal government's hands.
read more http://www.businessinsider.com/fiat-chrysler-could-spin-off-jeep-maserati-alfa-romeo-2017-8
FCA CEO Sergio Marchionne has been trying to merge the company with another automaker for years, so the news wasn't exactly earth-shattering, and Automotive News wasn't able to pin down exactly which Chinese company made the bid.
But it's pretty clear that Marchionne's game plan before he retires in 2019 is to complete an arc for FCA that began back in 2009, when Fiat took bankrupt Chrysler off the US federal government's hands.
read more http://www.businessinsider.com/fiat-chrysler-could-spin-off-jeep-maserati-alfa-romeo-2017-8
