GM CEO says company doesn't need to merge with Fiat ChryslerJune 9, 2015 - 17:47 AMT PanARMENIAN.Net - General Motors CEO Mary Barra said the company doesn't need to merge with Fiat Chrysler to take advantage of economies of scale in building cars, the Associated Press reports. She told reporters before the company's annual meeting that Fiat Chrysler CEO Sergio Marchionne emailed her about merging, but the proposal was dismissed by the GM board. Barra said GM is working with Ford on transmissions and Honda on hydrogen fuel cells and will look at other opportunities. But she said GM expects to sell 10 million vehicles this year, and is big enough to use its own size and scale. Marchionne has been pushing for consolidation of automakers, saying the industry wastes capital developing engines, transmissions and other parts that buyers don't care about. But he says no companies have agreed to merger talks. Related links: Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Turkey extends military presence in Azerbaijan The Turkish parliament has adopted a bill submitted by Recep Tayyip Erdogan to extend the mandate of Turkish troops. Russia to begin assessing migrant workers' speaking skills Rosobrnadzor is planning to change the Russian language exam for migrant workers and include an assessment of speaking skills Armenian, Saudi Foreign Minister meet in Riyadh The two commended the positive dynamics of the development of political dialogue between Armenia and Saudi Arabia Pashinyan: Azerbaijan’s proximity shouldn’t worry border residents At the same time, he said that he “does not guarantee [the security of villagers] one hundred percent”. |