The Traderszone Network

Published in TZ Latest News 9 June, 2015 by The TZ Newswire Staff

GM CEO Barra says Fiat Chrysler chief sent email on possible merger

General Motors Co (GM.N) Chief Executive Officer Mary Barra said on Tuesday that Fiat Chrysler Automobiles NV (FCHA.MI) CEO Sergio Marchionne sent an email proposing a potential merger, and that GM’s board gave “strong support” to her strategy of going it alone. Marchionne has been conducting a campaign to persuade rivals and investors that the auto industry needs another round of consolidation.

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