Chinese automaker Geely and Fiat Chrysler Automotives NV (FCAU) talked about a deal and "concluded nothing," Fiat's blunt-speaking CEO Sergio Marchionne said in the backdrop of the Geneva International Motor Show Tuesday.
For a company that's effectively been for sale for the last two years, that's something. Indeed it speaks to Chinese interest in the European auto market.
Marchionne said the company won't engage in M&A talks before the end of 2018. That could upset the bulls that have sent Fiat shares skyrocketing 91% the past year on hopes of a deal. So count on Fiat "concluding something" with someone real soon.