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GM President Says No Merger Talk With Marchionne

General Motors' president Dan Ammann said the company has no plans to merge with Fiat Chrysler. Marchionne had reportedly emailed GM CEO Mary Barra with a pitch about the virtues of merging on economies of scale. Amman said GM sells about 10 million vehicles a year so it does not have a scale problem. “We are focused on executing our plan. I believe we have opportunities within GM,” he said.

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