Fiat Chrysler CEO Sergio Marchionne has always maintained that in order for the automotive industry to stay afloat, the world’s automakers must eventually merge together in order to reduce research and development costs. He has pushed for an FCA merger with General Motors in the past, however GM CEO Mary Barra wasn’t interested, but now the automaker has other offers on the table.
According to a Reuters news brief published Monday, FCA was approached by “several,” parties about a potential merger recently, however “the options were not sufficiently attractive,” and FCA declined the offer. It’s not clear what type of company the potential merger was with, though it seems unlikely it was another automaker.
Late last year it was reported that Marchionne would wait for the spinoff of Ferrari to be complete before he considered merging FCA with another company. The supercar manufacturer has become a truly publically traded company as of today, so Marchionne will be on the hunt for a “sufficiently attractive,” merger until his retirement in 2018.