autoevolution
 

Piech: Fiat-Chrysler-GME, Three Sick People in One Bed

Leaving aside the civil war he has to face at home against Wolfgang Porsche, Ferdinand Piech took a moment to look at what may become Volkswagen Group's most fierce competition: the possible Fiat-Chrysler-GM Europe company. While attending the release of the new Polo in Sardinia, Piech made used a lot of... metaphors when talking about the competition.

Three sick people in one bed don’t make one healthy person,” he was quoted as saying by Bloomberg. Asked if he sees the three companies would become a worthy opponent, Piech said “I’m glad whenever the ones that are less viable help each other. But you cannot expect a world record when three footsore people try to run a marathon.

By taking this stand, Piech joins the general trend seen these days within Volkswagen, as far as Fiat's movements are concerned. Last week, Volkswagen's CEO Martin Winterkorn stepped into the spotlight and took his shot at Fiat's CEO as his plans.

"I think Sergio Marchionne is trying to increase volumes to lower costs and to survive through Chrysler and possibly Opel, but I wonder if he will be able to succeed because successfully managing several brands and obtaining true synergies is really difficult." Winterkorn said.

All this talk might be in vain though, as Fiat slowly becomes the loser of the Opel affair. At least for now, the Italian manufacturer has lost the lead in the battle with Magna and GAZ. Still, the fight is not over. Not between Fiat and Magna, nor between Fiat and Volkswagen.
If you liked the article, please follow us:  Google News icon Google News Youtube Instagram X (Twitter)
About the author: Daniel Patrascu
Daniel Patrascu profile photo

Daniel loves writing (or so he claims), and he uses this skill to offer readers a "behind the scenes" look at the automotive industry. He also enjoys talking about space exploration and robots, because in his view the only way forward for humanity is away from this planet, in metal bodies.
Full profile

 

Would you like AUTOEVOLUTION to send you notifications?

You will only receive our top stories