Fix Your Memory Module
 
Home
News
Products
Shop
Memory
Corporate
Contact
 

News
Industry News
Publications
CST News
Help/Support
Member Area
Tester Brochure
Demo Library
Software
Tester FAQs

biology medicine news product technology definition

Thursday, April 26, 2018
Memory Industry News
Email ArticlePrinter Format PreviousNext

Is VW touting a merger with Chrysler Fiat?


Thursday, March 16, 2017

Volkswagen CEO Matthias Mueller told reporters Tuesday that he would not rule out discussing a merger with Fiat Chrysler after the rival automaker's CEO floated the possibility a week earlier.

Fiat Chrysler chief executive Sergio Marchionne long suggested that the global auto industry would need to consolidate in order to share rising product development costs. He pursued several tech company partnerships and was rebuffed after an overture to General Motors in 2015.

Last week, Marchionne said that the acquisition of GM European bran Opel by Peugeot parent PSA Group could lead VW to approach his company about bolstering its position in the European auto market.

VW CEO Matthias Mueller initially responded that his company is too focused on recovering from its diesel emissions scandal and shifting toward electric vehicles and autonomous technology to engage in "talks about anything."

Following the German automaker's annual press conference this week, however, Mueller told reporters, according to Reuters, that he is "not ruling out a conversation."

Mueller also added that he is confident in VW's prospects "with or without Marchionne" and suggested that his counterpart should talk to potential suitors directly rather than through the media.

"It would be very helpful if Mr. Marchionne were to communicate his considerations to me too and not just to you," Mueller told reporters.

By: DocMemory
Copyright 2017 CST, Inc. All Rights Reserved

Email ArticlePrinter Format PreviousNext
Latest Industry News
Micron to expand Taiwan fab.4/25/2018
SK Hynix warns on mobile chip prospect4/25/2018
Regardless of heavy investment, Chinese IC companies still way behind in valuations4/25/2018
IoT is now taking most of the 8" wafer capacity4/25/2018
China's integrated circuit industry grew 21 percent per year4/24/2018
Scientist claim successful integration of optical circuitry with microprocessor4/24/2018
Toshiba sales runs into road block with Chinese regulators might change its course4/24/2018
Toyota laid out plans to add V2V communications in its cars4/24/2018
Samsung expands production in Vietnam4/23/2018
Nexperia, now a Chinese company, managed to raise $800 million4/23/2018

CST Inc. Memory Tester DDR Tester
Copyright © 1994 - 2018 CST, Inc. All Rights Reserved