Marchionne envisioned creating a global powerhouse by merging these units with Chrysler.
As part of the deal, Fiat secured a "put option" that could force GM to buy the remaining 80% of Fiat's struggling auto division. fiat buys gm
Years later, after Fiat successfully merged with Chrysler to form , Marchionne again aggressively pursued a merger with GM in 2015. fiat buys gm
After several public and private overtures were rebuffed, FCA eventually moved on and merged with PSA Group in 2021 to form Stellantis . fiat buys gm
GM CEO Mary Barra and the board rejected the proposal multiple times, stating that GM was better off growing on its own.