It's not secret that 2015 has not been a good year for Fiat-Chrysler. From record fines to flaming Jeeps, it seems they can't just get their act together.
CEO Sergio Marchionne has a solution though. That solution is dumping the embattled automaker's rotting carcass onto Detroit rival General Motors.
"We're not talking about marginal improvement in margins," he said in an interview with Automotive News.
“Look, the combined entity can make $30 billion a year in cash. Thirty. Just think about that [expletive] number,” he said.
General Motors is far less enthusiastic about Marchionne's proposed merger.
Despite claims of huge profits, the auto giant and its shareholders feel they'd be better off going it alone. Commenting on the proposed merger, a GM executive asked "Why should [GM] bail out FCA?"
Marchionne claims that General Motors has stopped taking his calls. However, he insists he will keep putting on the pressure.
Source: Automotive News
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