TURIN (Reuters) - Consolidation continues to be necessary in the auto industry but there is nothing new to report on Fiat Chrysler's desire for a tie-up with General Motors , FCA CEO Sergio Marchionne said on Friday.
"The (need for) consolidation remains valid, no one has questioned its economic rational," Marchionne said, speaking on the sidelines of the launch of a re-styled version of its popular FIAT (F.IT)500 hatchback.
Marchionne approached his counterpart at GM, Mary Barra, with a merger proposal earlier this year but was rebuffed.
Asked if there was anything new to report on FCA's appetite for a link-up with GM, he said there was not.
Asked whether the ongoing dismantling of an alliance between Japan's Suzuki Motor Corp's <7269.T> and Germany's Volkswagen AG
(Reporting by Gianni Montani; writing by Francesca Landini)
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