Sergio Marchionne, the architect of the auto industry’s biggest deal in more than a decade, may not be finished yet. Even as he completed the merger of Fiat and its U.S. Chrysler unit last year to create Fiat Chrysler Automobiles, Marchionne said the industry is still fragmented and ripe for further consolidation.
His planned spinoff of Ferrari this year puts the $14 billion automaker into position for another combination that could form a group to vie with global No. 1 Toyota or help address shortcomings in Asia.
