UPDATE 1-Fiat CEO says tie-up with Volkswagen was never on agenda

miércoles 23 de julio de 2014 07:31 GYT

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TURIN, Italy, July 23 (Reuters) - Fiat Chrysler CEO Sergio Marchionne on Wednesday quashed speculation of a possible tie-up with Germany's Volkswagen, saying the idea had never been on the agenda.

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

John Elkann, the head of holding group Exor which controls Fiat Chrysler via a 30 percent stake, said at the same event as Marchionne that there was nothing else to add on the matter.

Fiat and Exor had already denied the German report, while Volkswagen said it had no takeover plans.

Marchionne said he still expected to list the merged Fiat Chrysler Automobiles in the United States in the first two weeks of October. Fiat shareholders will vote on the merger next week.

He also said second-quarter results, which will be released next week, were in line with expectations, adding he did not expect to report losses for the April-June period.   Continuación...