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

Friday, March 24, 2017
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
China/s aggressive expansion will drain tech telents globally3/23/2017
UMC to run 28nm in Xiamen3/23/2017
Most tech industry immigrants are legally in the country3/23/2017
Wal-Mart launch incubator lab as its effort to embrace technology3/23/2017
Micron/s acquisition of Cando establishes quality center in Taiwan3/22/2017
Qualcomm introduced chip for under $50 phones3/22/2017
Samsung factory in southern Seoul to start production early this year 3/22/2017
GlobalFoundries U.S. has secured foundry contract from Defense Department3/22/2017
Apple to expand R&D in Shanghai3/21/2017
TSMC talks about building 3nm fabs on U.S. soil3/21/2017

CST Inc. Memory Tester DDR Tester
Copyright © 1994 - 2017 CST, Inc. All Rights Reserved