Jump to content
  • William Maley
    William Maley

    Geely Automotive Says It Wasn't The One To Send A Bid For FCA

      Wasn't Us

    Monday saw a major bombshell report come out stating that multiple Chinese automakers were considering buying Fiat Chrysler Automobiles. In fact, a well-known automaker put out a bid earlier this month, which was subsequently turned down. Today, one of the Chinese automakers rumored to buy FCA said they did place an offer on the table.

    According to Reuters, Geely Automobile’s executive director Gui Shengyue rebutted claims that his company was the one to place the bid.

    "We don't have such plan at the moment," said Shengyue.

    He would go on to say that "a foreign acquisition would be complicated," but did not elaborate. Sources tell the news service some of the complications would deal with the current political climate in the U.S. and regulations.

    Geely and FCA held initial talks late last year according to a source, without going into detail what the talks dealt with. The source goes on to say that Geely is no longer interested in FCA, noting that the company had purchased a significant stake into Malaysian automaker Proton a few months ago.

    That possibly leaves three automakers that we know of in the running - Dongfeng, Great Wall, and Guangzhou.

    Source: Automotive News (Subscription Required), Reuters

    User Feedback

    Recommended Comments

    Good Chinese Double Speak. 

    We not interested, but in reality, if we can push the price down, we buy! 

    If you have ever been to China, they haggle like crazy and never take first, second or third offer.

    Link to comment
    Share on other sites
    34 minutes ago, riviera74 said:

    OK. Why would anyone buy FCA?  Seriously, Why?!

    Simple, FCA US is what is up for sale after being raped and all profits stolen by FCA Italy. China can gain a complete network of dealerships to get their cheap Cherry auto's into the states.

    Link to comment
    Share on other sites


    Join the conversation

    You can post now and register later. If you have an account, sign in now to post with your account.
    Note: Your post will require moderator approval before it will be visible.

    Guest
    Add a comment...

    ×   Pasted as rich text.   Paste as plain text instead

      Only 75 emoji are allowed.

    ×   Your link has been automatically embedded.   Display as a link instead

    ×   Your previous content has been restored.   Clear editor

    ×   You cannot paste images directly. Upload or insert images from URL.




  • Similar Content

    • By William Maley
      Future small cars from Fiat Chrysler Automobiles will not be using an updated version of their small car platform. Instead, they'll be underpinned by PSA Group's Common Modular Platform (CMP).
      Automotive News obtained a letter sent by FCA to suppliers in July stating "to immediately stop any research, development and tooling construction activities on future B-segment (small/subcompact) cars." These include the Fiat 500 and Jeep Renegade to give some context. The letter goes on to say it is moving to CMP and that vehicles based on this will be built at the company's Tychy, Poland plant - home to 500 and Lancia Yplilon production. 
      FCA had already put a stop, albeit a temporary one on developing parts for the five new small cars that were destined to use this platform due to COVID-19. There will be one model that will move forward on this orphaned platform - the upcoming 500 electric for Europe.
      As for CMP, this underpins the Peugeot 208 and 2008; Opel/Vauxhall Corsa, Mokka; and the DS3 Crossback. It allows for both combustion and electric powertrains.
      Moving to CMP is another step towards FCA and PSA Group's merger to become Stellantis. It is unclear whether or not the U.S. will see any of the new models that will use CMP from FCA's brands.
      Source: Automotive News (Subscription Required)

      View full article
    • By William Maley
      Future small cars from Fiat Chrysler Automobiles will not be using an updated version of their small car platform. Instead, they'll be underpinned by PSA Group's Common Modular Platform (CMP).
      Automotive News obtained a letter sent by FCA to suppliers in July stating "to immediately stop any research, development and tooling construction activities on future B-segment (small/subcompact) cars." These include the Fiat 500 and Jeep Renegade to give some context. The letter goes on to say it is moving to CMP and that vehicles based on this will be built at the company's Tychy, Poland plant - home to 500 and Lancia Yplilon production. 
      FCA had already put a stop, albeit a temporary one on developing parts for the five new small cars that were destined to use this platform due to COVID-19. There will be one model that will move forward on this orphaned platform - the upcoming 500 electric for Europe.
      As for CMP, this underpins the Peugeot 208 and 2008; Opel/Vauxhall Corsa, Mokka; and the DS3 Crossback. It allows for both combustion and electric powertrains.
      Moving to CMP is another step towards FCA and PSA Group's merger to become Stellantis. It is unclear whether or not the U.S. will see any of the new models that will use CMP from FCA's brands.
      Source: Automotive News (Subscription Required)
    • By William Maley
      We'll excuse you if you forgot that Fiat Chrysler Automobiles and PSA Group have been working towards finalizing their merger considering the state of the world at the moment. But the two are making serious headway as they have announced the new name of the multi-national corporation that will form once the two merge. Meet Stellantis.
      Don't worry, you're not the only who is thinking "What" or thinking of some clever joke to make fun of this name. We'll let the two explain what this name means?
      Yeah, if this doesn't like something from a branding agency, we don't what does.
      We should note here that Stellantis will only be used at a corporate level, not as a individual brand for vehicles.
      Source: FCA
      Press Release is on Page 2


      STELLANTIS: The Name of the New Group Resulting From the Merger of FCA and Groupe PSA
      July 15, 2020 , Vélizy-Villacoublay, France and London - In a major step as they move toward the completion of their 50:50 merger as defined in the Combination Agreement announced on December 18, 2019, Peugeot S.A. ("Groupe PSA") and Fiat Chrysler Automobiles N.V. ("FCA") (NYSE: FCAU / MTA: FCA) today announce that the corporate name of the new group will be STELLANTIS.
      STELLANTIS is rooted in the Latin verb “stello” meaning “to brighten with stars.” It draws inspiration from this new and ambitious alignment of storied automotive brands and strong company cultures that in coming together are creating one of the new leaders in the next era of mobility while at the same time preserving all the exceptional value and the values of its constituent parts. STELLANTIS will combine the scale of a truly global business with an exceptional breadth and depth of talent, knowhow and resource capable of providing the sustainable mobility solutions for the coming decades. The name’s Latin origins pay tribute to the rich history of its founding companies while the evocation of astronomy captures the true spirit of optimism, energy and renewal driving this industry-changing merger.
      The process of identifying the new name began soon after the Combination Agreement was announced and the senior management of both companies have been closely involved throughout, supported by Publicis Group.
      The STELLANTIS name will be used exclusively at the Group level, as a Corporate brand. The next step in the process will be the unveiling of a logo that with the name will become the corporate brand identity. The names and the logos of the STELLANTIS Group’s constituent brands will remain unchanged.
      As previously stated, completion of the merger project is expected to occur in the first quarter of 2021, subject to customary closing conditions, including approval by both companies’ shareholders at their respective Extraordinary General Meetings and the satisfaction of antitrust and other regulatory requirements.

      View full article
    • By William Maley
      We'll excuse you if you forgot that Fiat Chrysler Automobiles and PSA Group have been working towards finalizing their merger considering the state of the world at the moment. But the two are making serious headway as they have announced the new name of the multi-national corporation that will form once the two merge. Meet Stellantis.
      Don't worry, you're not the only who is thinking "What" or thinking of some clever joke to make fun of this name. We'll let the two explain what this name means?
      Yeah, if this doesn't like something from a branding agency, we don't what does.
      We should note here that Stellantis will only be used at a corporate level, not as a individual brand for vehicles.
      Source: FCA
      Press Release is on Page 2


      STELLANTIS: The Name of the New Group Resulting From the Merger of FCA and Groupe PSA
      July 15, 2020 , Vélizy-Villacoublay, France and London - In a major step as they move toward the completion of their 50:50 merger as defined in the Combination Agreement announced on December 18, 2019, Peugeot S.A. ("Groupe PSA") and Fiat Chrysler Automobiles N.V. ("FCA") (NYSE: FCAU / MTA: FCA) today announce that the corporate name of the new group will be STELLANTIS.
      STELLANTIS is rooted in the Latin verb “stello” meaning “to brighten with stars.” It draws inspiration from this new and ambitious alignment of storied automotive brands and strong company cultures that in coming together are creating one of the new leaders in the next era of mobility while at the same time preserving all the exceptional value and the values of its constituent parts. STELLANTIS will combine the scale of a truly global business with an exceptional breadth and depth of talent, knowhow and resource capable of providing the sustainable mobility solutions for the coming decades. The name’s Latin origins pay tribute to the rich history of its founding companies while the evocation of astronomy captures the true spirit of optimism, energy and renewal driving this industry-changing merger.
      The process of identifying the new name began soon after the Combination Agreement was announced and the senior management of both companies have been closely involved throughout, supported by Publicis Group.
      The STELLANTIS name will be used exclusively at the Group level, as a Corporate brand. The next step in the process will be the unveiling of a logo that with the name will become the corporate brand identity. The names and the logos of the STELLANTIS Group’s constituent brands will remain unchanged.
      As previously stated, completion of the merger project is expected to occur in the first quarter of 2021, subject to customary closing conditions, including approval by both companies’ shareholders at their respective Extraordinary General Meetings and the satisfaction of antitrust and other regulatory requirements.
    • By Drew Dowdell
      Fiat Chrysler is bringing a slew of concepts to the Consumer Electronics Show in Las Vegas that all feature some sort of electrification.
      The centerpiece of their display will be the 2020 Airflow Vision concept.  While not specifically branded as a Chrysler, the Airflow Vision does take the name of a full-size Chrysler model produced from 1934 - 1937.  FCA calls it a "sculptural design concept" that envisions the next generation of premium transportation.  The interior user experience is designed to be captivating. FCA put a lot of work into showing a sophisticated appearance that can be personalized and customized to individual needs. 
      The cabin offers multiple interfaces, one behind the steering wheel, two on the center console, one for the front passenger, and two more for the rear passengers. Information can be shared between the screens by swiping.  The interior is said to be the same size as the Chrysler Pacifica Plug-in and has a flat load floor. In spite of all that room, it only has 4 seats set up in a lounge chair fashion to maximize legroom, shoulder room, and storage space for each passenger. Premium suedes and leathers, along with ambient lighting make the ride a first-class experience. 
      The exterior of the Airflow Vision has an aggressive stance with bodywork reaching almost to the ground. The wheels hint at the use of electric motors, but no powertrain information was provided.



      View full article
  • Posts

    • There are so many effing reasons to believe we actually went.    https://youtu.be/UT23ogeC1nI
    • Been a crazy Tuesday, so playing devils advocate and yes it is an established FACT, I agree with you on. But still stirring the pot to see what rises!  
    • Honda showed off their first of 10 up coming BEVs, the Honda SUV e:prototype which is scheduled to go on sale spring 2022 as the first Honda-brand EV in China. Interesting is that Honda has kept very quiet about their Global plans for EV's or even PHEVs. Honda which has not in the past had much R&D into BEVs signed a contract with GM to use their BEV platform for EVs and one could make the assumption that this is based on the same platform as the Chevrolet Bolt and Bolt EUV auto. Honda has also stated that they will use the Ultium platform of batteries and motors in future auto's also. If this Honda SUV e-prototype is based on the Chevrolet Bolt platform, it is a striking image. Honda also then premiered their Breeze PHEV as their first ever plug-in hybrid model. This auto is based on Honda's original hybrid system that has been sold in Europe as well as the North America market. The Breeze will go on sale in China in the second half of 2021. Honda has stated that their third generation of Honda CONNECT will be available in the Breeze and all new products coming out in China this year and moving forward. All Honda brand auto's will have advanced driver-assistive systems and over-the-air updates, wireless delivery of software updates. Honda Global | April 19 , 2021 "Honda Exhibits the World Premiere of the “Honda SUV e:prototype” at Auto Shanghai 2021" View full article
    • https://jalopnik.com/the-evos-is-the-future-of-ford-sedans-like-it-or-not-1846721014         https://www.caranddriver.com/news/a36166446/lincoln-zephyr-concept-revealed-china/              
    • You can't question something that is an established FACT.  It is like flat earthers questioning if the Earth really a globe. I am not going to even discuss this.  Honestly, I was of a higher opinion of you.
  • Social Stream

  • Today's Birthdays

    1. 1978montecarlo
      1978montecarlo
      (35 years old)
    2. Buickfosure
      Buickfosure
      (43 years old)
    3. The DUKE2.5
      The DUKE2.5
      (132 years old)
  • Who's Online (See full list)

  • My Clubs

About us

CheersandGears.com - Founded 2001

We ♥ Cars

Get in touch

Follow us

Recent tweets

facebook

×
×
  • Create New...