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Volkswagen closes FCA: "No to merger"

The head of the German group responds bluntly to the statements of Sergio Marchionne, who had said he expected an approach attempt by the Volksburg house in view of a possible merger

Volkswagen closes FCA: "No to merger"

“We are not ready to talk about anything. I haven't seen Marchionne for months, and we have other problems." With these words reported by the Reuters agency, Matthias Mueller, number one of Volkswagen, responds to the words spoken yesterday by the CEO of FCA.

From the Geneva motor show, Sergio Marchionne, while not ruling out the possibility of knocking again "on the door of General Motors", he had said to expect an approach attempt by the German group in view of a possible merger. And this due to the market conditions that have arisen following the purchase of Opel by PSA.

A Volkswagen spokesman reiterated today that "the group's strategy has been decided for several years" and that "with its numerous brands, the company has an extraordinary portfolio, unique worldwide".

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