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G.M. Chief Flatly Dismisses a Merger Overture From Fiat Chrysler

DETROIT — Mary T. Barra, the chief executive of General Motors, on Tuesday firmly rejected the idea that the company could benefit from a combination with a rival automaker like Fiat Chrysler Automobiles, which tried in March to start merger talks with G.M., reports The New York Times. In remarks made before G.M.’s annual shareholders meeting ... Read More »

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GM CEO Mary Barra Brushes Off Merger Talks

DETROIT – General Motors CEO Mary Barra said the automaker has a comprehensive plan in place through the early part of the next decade, and a merger with a large, competing automaker does not appear to be part of that, reported MLive. Speaking in a conference call Thursday morning to discuss the Detroit company’s first ... Read More »

Perella Weinberg to Merge Subprime Finance Companies

NEW YORK — Financial services firm Perella Weinberg Partners announced this week that it will merge its two subprime auto finance sources, Flagship Credit Acceptance and CarFinance Capital, into a single, national automotive finance company. The combined company will have total assets in excess of $2 billion. “Since forming Flagship and CarFinance, we have been ... Read More »

Fiat Says Merger into Dutch-Registered FCA Effective October 12

Italian carmaker Fiat said on Tuesday its merger into holding group Fiat Chrysler Automobiles (FCA) would be effective as of Oct. 12 after all conditions for the tie-up were met, reported Reuters. Fiat completed the full buyout of its U.S. unit Chrysler this year and is now incorporating all its businesses under Dutch-registered FCA, paving ... Read More »

Fiat Shareholders Came Close to Merger Upset

Fiat SpA shareholders came close to derailing a corporate reorganization on which the creation of the combined Fiat Chrysler Automobiles group depends, according to data the company released Thursday, reported The Wall Street Journal. Investors in the Italian auto maker last week tendered shares worth €464 million ($608 million) as they exercised their right to ... Read More »

Fiat Chrysler Denies Report of Merger Talks with VW

VW-Porsche Merger Moves Step Closer