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Volkswagen AG, Fiat S.

p.A. and Fiat's controlling shareholder all denied a German magazine report today that the companies have discussed a possible merger.

Volkswagen has approached rival Fiat about a possible merger, Germany's Manager Magazin reported on its website on Thursday, citing unnamed company sources.

VW Chairman Ferdinand Piech, who is a member of the family that controls the German carmaker, has held various talks with associates and members of the Agnelli family, which controls Fiat, Manager Magazin reported.

However, a VW spokesman said today the company currently had no takeovers on the agenda as it focuses on improving efficiency at the group.

 



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RUMOR MILL: VW Says No Plans On The Agenda To Takeover Fiat....Yet

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