Rumor

Guess Which Company Wanted To Merge With GM?

Secret email reveals what could have the birth of an empire.

Althoughsome fans of Chrysler and its brands have yet to overcome its merger withFiat and their subsequent shared models, it seems that other Americanloyalists could have been even more outraged had this scheme come into being.According to a report by the New York Times, Fiat-Chrysler chief SergioMarchionne emailed Mary Barra, CEO of General Motors, back in March with a veryunlikely proposal. Although they had never met in person before, Marchionnewasted no time and wrote that he would like to meet to discuss a merger.

According to the Times, the email went on to detail Marchionne'soutlook, whereby global automakers must join efforts to save money. Hetold Barra that a merger between the two giants could "create an automotive superpower". Despite theballsy move that would put any telemarketing cold-caller to shame, Barra immediately rejected Marchionne's request to meet. Not one to beswayed easily, Marchionne's March offer was followed by a statement in April, saying: "I think it is absolutely clear that the amount of capital wastethat’s going on in this industry is something that certainly requires remedy. Aremedy in our view is through consolidation."

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