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Fiat-Chrysler says not in merger talks with VW

July 23, 2014 6:33 am

Fiat Chrysler has denied a magazine report saying it’s in merger talks with Volkswagen, while the German carmaker said it had no takeovers on its agenda, Reuters has reported. Citing unnamed company sources, Germany’s Manager Magazin said Volkswagen Chairman Ferdinand Piech had held talks with the owners of Fiat Chrysler about buying all or part of the group that was formed this year from the merger of Italian and US carmakers. “There are currently no M&A projects on the agenda,” a VW spokesman said.