Fiat CEO says tie-up with Volkswagen was never on the agenda

|About: Fiat Chrysler Automobiles NV (FCAU)|By:, SA News Editor

Fiat Chrysler (OTCPK:FIATY, OTCPK:FIADF) CEO Sergio Marchionne quashes speculation of a possible tie-up with Volkswagen (OTCQX:VLKAY, OTCPK:VLKAF), saying the idea had never been on the agenda.

A German magazine earlier this month reported VW Chairman Ferdinand Piech had held talks with Fiat owners about buying all or part of the group.

The CEO also says he still expects to list the merged Fiat Chrysler in the U.S. in the first two weeks of October, and says Q2 results, which will be released next week, were in line with expectations.