Fiat still keen on GM merger

Fiat Chrysler Automobiles (FCA) chief Sergio Marchionne reportedly said last weekend that seeking a merger with General Motors was a “high priority” and such a deal would also be the best strategic option for the Detroit rival.

GM’s board rejected a merger proposal from FCA earlier this year but that has not stopped Marchionne from wooing his bigger competitor.

He is reported to keen to reduce the number of players in the auto industry and share the prohibitive costs of building greener and more intelligent cars. “That discussion remains a high priority for FCA,” he was quoted as telling journalists at the Italian Grand Prix last weekend.