Marchionne has explicitly stated at the ongoing Geneva motor show that FCA is seriously looking at a merger/acquisition. He also slight-hinted that it might not be Mazda, and has in the past repeatedly stated that an M&A with a strong Europe or America-centric player (like VW or Ford or GM) does not serve the rationale of market expansion/cost sharing/risk-diversification behind his conviction that the Industry is too fragmented and needs considerable consolidation in one form or the other. And so most analysts (who are often no better than gossip-mongers!) are betting on.....Suzuki being the likeliest candidate, though a few are advocating a merger with Tata Motors-as-a-whole! Mitsubishi also gets mentioned, it being, like Suzuki and Tata, a longstanding small project/JV-type partner over many years. We'll know within the next 12 months, I think. Am 'betting' on Suzuki myself! A menage-a-trois with Tata in India....?