Fiat boss Sergio Marchionne has said he's prepared to move on if his bid for Opel falls through, and speculation is already linking Fiat with a merger with PSA Peugeot Citroen.
Speaking after learning rival Opel bidder Magna appeared to move ahead of Fiat in the race to buy Opel, Marchionne said: "“If the Opel transaction is not available to Fiat, life will move on. We’ll just be focusing on what we have.”
Marchionne admitted to Canadian reporters that he would now focus on completing the purchase of a stake in Chrysler by 1 June.
He also said that Fiat was still “very much interested” in GM's Latin American operations, but warned that his interest in Saab would most likley pass if Fiat can’t buy Opel, because the two GM brands share so many parts.