Even as talk continues about a proposed Renault and Fiat Chrysler Automobiles (FCA) merger after it fell through the first time around, FCA says that while it is happy to talk about potential alliances with other carmakers, it is capable of going it alone. According to FCA CEO Mike Manley, the automaker has a solid future and clear plans that are being invested in and are underway, Reuters reports.

“That isn’t to say if there is a better future through an alliance or partnership or merger, we wouldn’t be open and interested to it,” he said, but added that Renault is not the only potential partner for the company. “To say are they the only opportunity, the answer to that question would be a definitive ‘No,’” Manley stated.

He said that automakers are not the only potential partners. “There are cooperations that can help in specific technologies. There are cooperations as we think about the consumer-car interface. You could see collaborations that never would be there in the past,” he explained.

In June, FCA withdrew its merger proposal with Renault after French government officials intervened in the talks and sought to delay a decision on the deal. Subsequently, there has been a fallout between alliance partners Renault and Nissan, and strong undercurrents suggest that patching up will require much time and a whole lot of effort.

Last week, the Wall Street Journal reported that Nissan and Renault are trying to reach a deal to reshape the alliance in hopes of reviving Renault’s merger talks with FCA. The Yokohama-based carmaker wants Renault to reduce its big stake, according to emails seen by WSJ and people briefed on the talks.

The automaker’s North American business remains in good health thanks to the strong performance of the Ram and Jeep brands, but it faces continued challenges in other markets. While its Europe, Middle East and Africa operations were marginally profitable in the second quarter last year, it still needs to gain scale and plug gaps in its model line-up, especially in Europe.

In the Fiat brand, Manley said the company has “the oldest fleet in Europe.” The company is looking to improve profitability on the Continent by expanding its Jeep sport utility vehicle lineup, launching a redesigned Fiat 500 line – including electric and hybrid models – and adding larger vehicles to the Fiat range, he said.

Another challenge is with Maserati, which lost money through the first half of 2019, in part because of write-downs related to under-performing leases. The company has said it plans to sell down inventories of models during the remainder of this year, and is set to overhaul its product line-up, starting with a new model in Geneva next year.

As for China, the automaker’s restructuring of its alliance with JV partner GAC Group is set to reduce costs, and Manley said there are plans to add more Jeep models beyond the three vehicles it has localised for that market.