Marchionne Refutes Bloomberg Report on Fiat, Peugeot and Opel Tie-up

On Tuesday, we ran a story based on a report by Bloomberg News that Fiat CEO Sergio Marchionne has been talking to PSA Peugeot Citroen and Opel executives about the three carmakers merging into a single entity. Today, however, Marchionne refuted the report describing it to Automotive Europe as “bizarre”.

The Fiat-Chrysler CEO admitted that he had been talking with GM and PSA CEOs Dan Akerson and Philippe Varin, respectively, but he stressed that the discussions were misinterpreted by the report.

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