Ford Motor Co. reiterated that it has no interest in merging with Fiat Chrysler Automobiles NV, after CEO Sergio Marchionne said Friday that Ford was one of three potential partners for a tie-up.
“As we consistently have said, Ford has no plan or interest other than to continue to accelerate our One Ford plan, deliver product excellence and drive innovation in every part of our business,” the company said in an emailed statement Friday to The Detroit News.
Ford’s statement follows comments made by Marchionne earlier in the day ahead of the company’s shareholders’ meeting in Amsterdam. He said Ford, Volkswagen AG and Toyota Motor Corp. were potential partners for a “big” auto industry merger after General Motor Co. rebuffed the company in 2015.
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