FCA’s Marchionne stages industry intervention on consolidation

FCA Chief Executive Sergio Marchionne has long been preaching the need for industry consolidation, but he's now gone one step further and staged an intervention. Taking advantage of the FCA Q1 earnings call, Marchionne followed up Chief Financial Officer Richard Palmer's overview of the Q1 financial results by presenting a pitch entitled 'Confessions of a capital junkie' - a fact-based argument in favour of greater automotive industry consolidation.