Speaking to industry journal Automotive News Europe, Marchionne said a merger between the two companies would result in "cataclysmic changes in performance" for the two automotive giants. "I've gone through product by product, plant by plant, area by area, and I've analyzed them all," he said.
“I've obviously made some arbitrary assumptions about which architectures survive, which engines survive, and the only deal that offers them the same benefits as we potentially get ... is us.”
However, Marchionne has also said that GM officials have been cold on any negotiations, saying: "I've offered to sit down with them and take them through the numbers
“They won't listen. And that kind of abject refusal to engage ... the capital markets won't understand why you are rejecting the discussion.
“You may reject the deal but you can't reject the discussion. If you're refusing to talk to me, and you have seen nothing, you either think you're above it all, or you think the capital markets are full of schmucks that owe you something.”