Dan Ammann, the president of General Motors, the largest US automaker and the third biggest in the world, said the company has no need to merger or tie up with another competitor to support profitability.
Ammann has been commenting on the sidelines of the recent reports that called Fiat Chrysler Automobiles chief executive officer Sergio Marchionne ready to discuss a possible merger with GM’s CEO Mary Barra. The reports also stated the auto industry consolidation prophet was bluntly refused. Ammann said he had no knowledge of a merger proposal coming from Marchionne, but added that since General Motors is one of only three automakers that sell each year around ten million autos the company has no scale issues. According to the New York Times report, Marchionne’s email sent to Barra was another plea for auto industry consolidation, claiming that merging the world’s seventh carmaker with the planet’s third biggest automaker would yield billions of dollars in savings and set up the creation of an automotive behemoth.
Ammann, who commented on the report while visiting Fiat’s home city of Turin, Italy, added there were no plans made to meet with Marchionne or FCA chairman John Elkann – he was there to celebrate the tenth anniversary of GM’s global diesel center in Turin. On the other hand, GM is open to specific projects – it has partnerships with Ford on transmissions, Honda for fuel cells and with PSA Peugeot Citroen for the development of certain models in Europe. The automaker, the third largest in the world today, was also not focused on the race to capture the top position, said the president.
Via Automotive News Europe