In an article in Automotive News, Larry Vellequette reported that Fiat Chrysler CEO Sergio Marchionne isn’t giving up on a merger with General Motors, as we reported earlier today.
Marchionne showed Mr. Vellequette spreadsheets and figures, saying that the merged companies could realize an EBITDA (earnings before interest, taxes, depreciation and amortization) of $28-$30 billion in a market with a seasonally adjusted annualized rate of 17 million cars and light trucks.
Analysts such as Max Warburton and Arndt Ellinghorst have said a merger might yield the financial benefits Marchionne predicts. Mr. Warburton has also said that if there is anyone who could make a merger happen, it would be Marchionne. (...) →