FRANKFURT: GM’s Barra firmly nixes FCA tie-up

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General Motors chief Mary Barra was very clear last night - there is no deal to be done with Fiat Chrysler. She told a press conference on the eve of the Frankfurt IAA show: "There is no future in discussions. This is not a new topic and we have studied (Fiat boss) Mr Marchionne's proposals in detail and taken outside advice and decided that a deal is not the right thing for GM shareholders.