Fiat Chrysler wants to play major role in industry consolidation: CEO

April 16, 2015 4:23 PM

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Fiat Chrysler wants to play major role in industry consolidation: CEO

AMSTERDAM (Reuters) - Chief Executive Sergio Marchionne wants Fiat Chrysler Automobiles (FCA) (FCHA.MI) to play a key role in a consolidation of the global auto industry which he sees as inevitable to manage prohibitive capital costs.

Speaking on Thursday to shareholders in Amsterdam, away from Fiat's historic roots in Turin and Chrysler's in Detroit, Marchionne said: "We don't want to stay behind in a process that is changing the industry, that is not a possibility."

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