Fiat-Chrysler is searching for possible automotive alliances in the face of a flat and oversupplied European market, the chief executive of the two companies said on Tuesday.
“We’re on the move,” Sergio Marchionne told reporters on the sidelines of an industry event in Brussels. “We can be an active partner everywhere around the world.” “We’re talking to everyone,” he continued.
Marchionne said there were not many would-be partners left in Europe. Asked specifically about a possible alliance with Suzuki or Mazda, he replied: “There are many opportunities to look at, including those.”
Marchionne spoke after reports that General Motors was in advanced talks to buy a small stake in French automaker PSA Peugeot Citroen as part of their proposed alliance in Europe and elsewhere.
“It is key that the situation in Europe is addressed. If the potential Peogeot-GM tie-up becomes reality, I sincerely hope it deals with the overcapacity issue. It has to,” he said.
Marchionne, speaking in his capacity as president of the European Automobile Manufacturers Association, talked at length about the problems of car production in Europe.