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Fiat Chrysler CEO pushes for consolidation


Sergio Marchionne said he hasn't given up on his quest to push the auto industry to increase its profitability, even though carmakers are enjoying some of their best sales ever. Last week, the Fiat Chrysler Automobiles NV chief executive officer (CEO) argued for large automakers to combine and share costs. Analysts largely agreed with him, though his argument has been rejected so far by his fellow CEOs. "We need to find a way to get this done," he told reporters Saturday at the opening of an Alfa Romeo and Maserati dealership in Oakville, Ontario, a Toronto suburb. "If ...

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First Published: Mon, May 11 2015. 00:24 IST