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Fiat Chrysler Automobiles is seeking a merger partner in a bid to secure its long-term future in a move that could save $10 billion a year, according to its chairman.
John Elkann, a member of the Agnelli family that founded Fiat, admitted a merger with one of the industry’s ‘big guys’ was an important objective of FCA as it seeks to shore up its long-term future in a highly disrupted automotive landscape.