“If the Opel transaction is not available to Fiat, life will move on. We’ll just be focusing on what we have," he said.
Fiat's new goal is now to purchase a stake in the American automaker Chrysler, the aforementioned source added, but it might seem like the Italian automaker is already eyeing some new mergers. One of the targets is GM's Latin American operations and Saab but a takeover of the Swedish brand is quite an unlikely scenario since it shares lots of parts with Opel, Marchionne said.
A merger with PSA Peugeot Citroen would create the Europe's largest automaker, just like stated in the Eiffel plan we told you about back in March. At that time, Fiat's CEO Sergio Marchionne commented on the rumors by saying that "everyone talks with everyone", hinting that a potential merger could be made at any time. However, both PSA and Fiat denied speculations regarding the fusion.
"We do not fear a possible alliance between Fiat and Opel. The car world is certainly not in its first phase of consolidation, we have always been working in a competitive scenario," Jean-Philippe Collin, head of the Peugeot brand said. "In periods like this, of scarce liquidity, the best thing is to concentrate resources on few and selected activities: renewing products, strengthening the network and satisfying clients."