* Says Q2 in line with expectations
* Still expects to list merged Fiat Chrysler in October
* Says new LCV with Renault similar to Scudo, but better
(Adds detail, quotes)
TURIN, Italy, July 23 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
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.
In the first quarter, the company reported a net loss, hit
by one-off charges linked to the deal to buy out in full its
U.S. unit Chrysler and by currency fluctuations.
"I don't think there are losses, but we will see,"
Marchionne told journalists on the sidelines of an event in
The company said late on Tuesday it had signed a deal with
Renault for the French group to supply Fiat with a
light commercial vehicle based on a Renault
Marchionne said it had chosen to build the new vehicle with
Renault because Peugeot, with which it already
produces the Fiat Ducato light truck, did not have what it was
looking for to complete the line up of its Fiat Professional
commercial vehicle brand.
"Technically, the new vehicle will be very similar to the
Fiat Scudo, but there will also be some major improvements," he
said, referring to a medium-sized van once produced by a joint
venture between Fiat and Peugeot.
Marchionne said he did not know where in France the new
vehicle would be produced or whether the platform used for it
was derived from the one used to produce the Renault Trafic, as
reported by some Italian media.
He also added that he saw no other opportunities to expand
cooperation with Renault for now.
Marchionne said the group was looking everywhere to expand,
but particularly in Asia where he saw most growth opportunities.
Asked if the group was looking at further tie-ups with Asian
carmakers, Marchionne said it would only consider cooperation on
very specific projects, "but we are not in a hurry".
(Reporting by Agnieszka Flak and Gianni Montani; Editing by