Fiat Chrysler's audacious boss eyes bigger rival GM
Washington
EVER since Henry Ford's mass-assembly line unleashed the relentless logic of scale on the modern auto industry, big automakers have always eaten the small. This Hobbesian dynamic has bred a race of global behemoths, all of which are suddenly eyeing each other as growth prospects evaporate in the once-promising markets of China, Brazil, India and Russia.
Smaller and more troubled than those in the top tier of automakers, Fiat Chrysler would normally be prey for a larger competitor. But its audacious chief executive officer, Sergio Marchionne, has seen a flash of weakness in the eye of one of the great whales, and seems intent on attempting to reverse the natural order by forcing a takeover of General Motors.
TRENDING NOW
Indonesia begins cutting natural gas exports to Singapore from Oct 24: reports
Singapore’s central gas buyer affirms Indonesia’s role as ‘important partner’ amid export review warning
KKR founders among investors buying 42% of Peter Lim’s Valencia; club valued at US$1.4 billion
NEA issues notices to 10 Singapore-based companies, including Wilmar and APP, over haze