Marchionne Talk of Industry Mergers Called Sign of ‘Panic’

Lock
This article is for subscribers only.

Chief Executive Officer Sergio Marchionne has been talking for months about merging Fiat Chrysler Automobiles NV with a giant like General Motors or Ford.

Fiat Chrysler sales are growing quickly and the U.S. division has been gaining market share faster than rivals. So why does Marchionne want a partner?