Mary Barra, General Motors CEO, has put an end to questions about a GM-Fiat merger deal, the Wall Street Journal reports.
Sergio Marchionne, Fiat Chrysler CEO, has been very open about wanting to merge with General Motors. He has recently said that the merger deal “discussion remains a high priority for FCA.”
Barra appeared at a news conference during which she was asked about the potential for a merger deal. She said that FCA has not approached her with a new proposal and, even if it had, a merger deal would not be in the best interests of the company’s shareholders. She added that GM looked at the deal “in tremendous detail” and simply stated, “It’s just not in the interest of GM shareholders.”
Barra was also questioned about whether she is worried about a “takeover attempt” by Marchionne. Her response seemed unconcerned: “We have a very strong relationship with several of our key stakeholders.”
- Inside the Massive Effort to Change the Way Kids Are Taught to Read
- Dubai's Real Estate Market is Booming. One Company is Making It Possible to Invest From Anywhere in the World
- How to Exercise When It's Really Hot Outside
- A New Documentary Sheds Light on a Pivotal Movement in Asian American History
- Far From Home: Afghan Women are Attempting to Build New Lives Abroad
- What Experts Say About How Valuable The Inflation Reduction Act's Green Subsidies Will Be
- What to Know About Long COVID in Kids
- Want to Do More Good? This Movement Might Have the Answer