Fiat-Chrysler searching for automotive alliances

Article by Christian Andrei, on March 1, 2012

Fiat-Chrysler is hoping to be an active partner worldwide and is now aggressively searching for possible automotive alliances, according to Sergio Marchionne, the CEO of both carmakers. On the sidelines of an industry event in Brussels last Tuesday, Marchionne said that Fiat-Chrysler is “on the move.” He has said in the past that automakers have to enter partnerships to share development and production costs.

When asked if there’s a search in Europe, he said that “there aren't many left” and that he is considering everyone. When asked about getting a partner in Asia, particularly Suzuki and Mazda, he said that the company is looking at numerous opportunities, which include these companies.

When asked about the potential alliance between General Motors and PSA/Peugeot-Citroen, Marchionne said that the European situation has to be handled well and that “overcapacity” has to be resolved if a deal between GM and Peugeot deal does proceed. [source: Autonews]

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