TURIN, Italy -- Fiat Group CEO Sergio Marchionne denied that Japan's Suzuki Motor Co. could join his planned alliance between Fiat Group Automobiles and General Motors' European and Latin American operations.
"It is nonsense," Marchionne told reporters at an event in Turin.
The Italian press had speculated Suzuki could have become an Asian extension to Marchionne's proposed alliance.
Suzuki already has ties with Fiat and Opel. The company builds the Opel/Vauxhall Agila and the Fiat Sedici cars at its plant in Esztergom, in Hungary.
GM's planned sale of its European operations has pitted Fiat against Magna International, which is seeking a 20 percent stake in Opel. Both companies have presented proposals for Opel's future to the German government,.
GM is seeking financial guarantees from European governments, chiefly Germany, to avoid a cash crunch at Opel in the coming months
Marchionne told reporters he is confident he will successfully close the deal to merge Fiat and Opel/Vauxhall and Saab by the end of the month.
He said Fiat's engine, platform and industrial experience gave it the edge over competing bids.
"This is our daily job, others want to start doing it," he said, referring to Magna, which is a parts supplier but also build cars for automakers in Graz, Austria.