The move, reported in Automotive News Europe, would hinge on the Italian company succeeding in buying in to the European GM brands, which the American giant wants to hive off in order to get US Government investment.
Fiat has already come to agreement with ailing Chrysler to take a 20 percent stake in the American carmaker, as part of a restructuring plan.
If Fiat succeeded in achieving a merger with GM Europe brands, which include Opel, Saab, and Korean-built Chevrolets, the combined annual sales could reach over 6m units, the figure that Fiat boss Sergio Marchionne says is needed for survival by car firms today.
That's a similar figure to VW's annual sales.
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