- General Motors (NYSE:GM) and Fiat Chrysler Automobiles (NASDAQ:FCA) have turned to investment banks for help to deal with a stand-off as the latter seeks to force a merger with its Detroit-based rival, Reuters reports.
- Earlier this year, GM's board rebuffed a merger proposal from the Italian-American carmaker and Chief Executive Mary Barra said last week she had no interest in a combination.
- Barra's rejection has not stopped FCA boss Sergio Marchionne, who is lobbying GM investors to support his case.
- Previously: Fiat Chrysler CEO seeks activist help for GM merger (Jun. 09 2015)