Sergio Marchionne is hinting that a hostile takeover attempt could be in the cards to get GM at least to consider a merger with FCA. He believes the combined companies could have earnings of $30 billion annually.
Sergio Marchionne sees cooperation with the UAW as a key to a future merger with General Motors. In the deal, Marchionne could potentially take advantage of the 8.7 percent of GM stock that's owned by the union's health care trust.
FCA is allegedly pushing back the launch of around a dozen vehicles in the US, including the next-gen Ram 1500 and Jeep Wrangler. Alfa Romeo might see more products come to market even more quickly, though.
Sergio Marchionne says that the next Jeep Wrangler is not fully aluminum, which might keep production in Toledo, OH. Also, the company is working with NHTSA to fully comply with the agency's requests for the upcoming public hearing.