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Marchionne foresees mergers creating new top carmaker

Marchionne: Industry 'very fragmented.'
October 08, 2014 05:00 AM

MILAN (Bloomberg) -- Fiat Chrysler CEO Sergio Marchionne sees potential to form a new No. 1 in the auto industry as carmakers grapple with low returns on the increasing amount of money needed to develop new cars.

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