Fiat Chrysler-GM Tie-Up Is Sergio Marchionne's Impossible Dream - TheStreet.com
It has been more than three months since Marchionne first publicly proposed a combination of Fiat and General Motors, a suggestion that was quickly rebuked by GM CEO Mary Barra and her board. Marchionne has so far refused to take no for an answer, continuously pitching the merits of a deal to Barra, analysts and large-scale investors despite those pitches largely falling on deaf ears. The exec touts his finance background and his success rescuing Fiat from near failure and engineering a relatively successful merger between Fiat and Chrysler, arguing that he is uniquely positioned to navigate a GM-Fiat-Chrysler combination... General Motors partisans counter that Fiat, with its $8 billion debt load, weak position in certain parts of the globe and other issues, is more vulnerable to a potential downturn than GM is and therefore needs a deal more than their company ever... Well, both arguments actually make sense, which explains why Marchionne can continue to credibly pound the table about the benefits of a deal without having much luck with GM. Investors buying into Fiat on the hope that eventually Marchionne's... Source: www.thestreet.com
