Volkswagen has dismissed Fiat Chrysler CEO Sergio Marchionne’s idea of a VW-FCA merger, saying it’s far too busy with ‘other problems’ to worry about other than merging with another company.
Speaking to Autoblog on the floor of the Geneva Motor Show, Volkswagen CEO Matthias Mueller said the automaker is “not ready for talks about anything,” due to the legal proceedings in must go through in regards to its TDI emissions scandal. Muller also said: “I haven’t seen Marchionne for months.”
Marchionne said earlier this week that VW may be interested in a merger going forward after General Motors sold its Opel/Vauxhall brand to PSA Group, in turn creating the world’s second largest automotive conglomerate behind VW. The Italian Canadian executive figure this would be enough to put the pressure on VW to grow is business and cement it as the world’s largest automaker for the forseeable future, but it turns out VW is much too concerned with its billions of dollars owed in legal fees to consider anything of the sort.