FCA CEO denies partnership talks with Peugeot
FCA [BIT:FCA], the Italian-US car maker, is not in talks over a potential partnership with Peugeot [EPA:UG], the French car maker, according to a report by Italian language daily Milano Finanza that cited Sergio Marchionne, the CEO of FCA.
Marchionne said he was open to commercial agreements with Peugeot but nothing more. Marchionne said that he had no idea if Peugeot was looking for a partnership that went beyond commercial and product agreements.
The item also quoted Marchionne as ruling out mergers at the present time.
FCA has a market cap of EUR 8.152bn.
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Source Milano Finanza daily edition