Fiat Chrysler eyes partnerships with other carmakers
CEO is open to striking a deal as European operations struggle with high labour costs
New York — The CEO of Fiat Chrysler Automobiles (FCA), Mike Manley, says he sees “very significant opportunities” to partner with other carmakers on autonomy and electrification projects in the next two to three years. Fiat is seeking to fix a business that is losing money in Asia and Europe, while sales in North America, which generates the lion’s share of the company’s profits, are slowing. Manley told analysts on a conference call on Friday he is open to striking a deal with peers as European operations struggle with high labour costs at production sites in Italy and spending on electrification surges. Manley, who succeeded Sergio Marchionne in July a few days before he died, is already expanding his collaboration on high-margin commercial vans in Europe with Peugeot-maker PSA Group. The CEO said he would “absolutely” consider using PSA’s electric-vehicle architecture as the carmaker works to meet tougher emissions rules in the region. The company is exploring a partnership with...
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