Auto industry headed for further consolidation

Ferrari's spinoff sets Fiat Chrysler on course for another M&A deal

Published Tue, Jan 6, 2015 · 09:50 PM

Milan

SERGIO Marchionne, the architect of the auto industry's biggest deal in more than a decade, may not be finished yet.

Even as he completed the merger of Fiat SpA and its US Chrysler unit last year to create Fiat Chrysler Automobiles NV, Mr Marchionne said the industry is still fragmented and ripe for further consolidation.