Jump to content
News
Reviews
Discussons
Activity
Create New...
Close

  • 🚗 Your People Are Here. Get In.

    The internet is full of car content. This is the community.

    Cheers & Gears has been bringing enthusiasts together since 2001. Join the conversation, show off your garage, and find your people.

  • William Maley
    William Maley

    By William Maley •

    Geely Automotive Tried Taking Over Fiat Chrysler Automobiles

      Was Geely the mysterious bidder last year?

    Geely Automotive's chairman Li Shufu made headlines last week by dropping $9 billion for 9.69% stake in Daimler AG, making him the biggest shareholder in Mercedes-Benz's parent company. This follows a trend by Geely in buying automakers (Volvo in 2010, a 51 percent stake in Lotus last year). But a new report from Bloomberg reveals Shufu had his eye on a possible bigger prize.

    Last year, Shufu approached Fiat Chrysler Automobiles about "a potential takeover". According to people familiar with the matter, Geely and FCA held informal talks. Nothing would come to fruition however as the two disagreed on how much FCA would be worth after the completion of the current five-year plan - expected to end this year. At the time of Bloomberg's report, FCA had a market cap value of 27 billion euros (about $33 billion).

    FCA and Geely declined to comment on Bloomberg's report.

    Back in August, Automotive News broke the news that various Chinese automakers were interested in possibly acquiring FCA. In fact, one unnamed automaker submitted a bid, but was rejected by FCA for being to low. At the time, Automotive News didn't mention the automaker in question, but Bloomberg's report possibly puts Geely as the one. 

    Later that month, Chinese automaker Great Wall said they were interested in purchasing Jeep, although plans for this would fall apart.

    Source: Bloomberg

    Edited by William Maley

    Go to articles

    User Feedback

    Recommended Comments

    G. David Felt

    I would take Geely as owner for the American brands over Fiat. I could see Geely kill off chrysler or use it to bring in their own rebadged Geely auto's. Fiat I can see being killed off and even Alfa if Geely did buy them.

    My gut tells me the debt load that FCA is carrying is the main reason for a low offer by Geely and FCA wants to ignore the truth of how indebted they are.

    Link to comment
    Share on other sites
    ocnblu

    This is a national security concern.  We need to keep control of our industrial giants in case of war or some other event.  The fact that Italians run Chrysler pains me enough as it is.

    Link to comment
    Share on other sites
    FAPTurbo
    3 hours ago, ocnblu said:

    This is a national security concern.  We need to keep control of our industrial giants in case of war or some other event.  The fact that Italians run Chrysler pains me enough as it is.

    ^^^ found the big government socialist 

    • Haha 2
    Link to comment
    Share on other sites
    daves87rs
    20 hours ago, Drew Dowdell said:

    If Geely could do for Dodge/Chrysler/Jeep/Ram what they did for Volvo.... yes I would definitely take them over Fiat. 

    Think pretty much anyone could be better than Fiat.....

    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.

    ×



  • Support Independent Automotive Journalism

    25 years of honest automotive coverage — because someone has to do it.

    Cheers & Gears has never been filtered by manufacturer relationships or driven by algorithm. Just real people, real opinions, and a genuine love of cars. Subscribers keep the lights on and get an ad-light experience starting at $2.25/month.*

    View subscription options

    *A small number of ads feature member-exclusive coupon deals and will still appear.

  • Similar Content

  • Posts

    • ccap41
      05.09-10.24.2026 Cruise Nights

      By ccap41 · Posted

      I love the clean '04 GT (that looks like the anniversary badge for an '04). I'm a sucker for that gen, even though they're kind of a black sheep of Mustangs. 
    • ccap41
      Random Thoughts Thread

      By ccap41 · Posted

      Obviously, but I'd think you could cut 200 miles worth of range on the battery pack and save hundreds of pounds making it just a more overall efficient vehicle and still yielding 700 miles of range.  As I said to David, I'd remove as much battery pack as the engine weighs so it would be a net 0 gain in weight and you'd still have a sh!t ton of range yet it would be more efficient at achieving those miles. I'd assume it would be similar to my guesstimated numbers above.
    • ccap41
      Random Thoughts Thread

      By ccap41 · Posted

      Without knowing specifics of their design, I'd think reducing the battery pack by the weight of the engine would yield sufficient results. You'd still have a ton of electric-only range and then you'd have your "backup genergator" for when you run out of juice.  Speaking of which, I ran into a guy with a 2nd gen Volt a few weeks back while taking my kids on a walk. I asked him how he liked it and what kind of efficiency/range he was getting. He loved it, HOWEVER.. he said he almost never plugs it in. He just runs it as a hybrid. I'm pretty certain they aren't all that efficient when operated as just a hybrid. I thought that was kind of a waste of a Volt, to be using it that way. I didn't tell him this because I didn't want to sh!t on his situation or anything, but I thought it was odd to buy a plug-in hybrid then just never even utilize the full capacity of the battery. Then again, this falls right in line with a multiple studies I've read about that say most plug-in hybrid owners never utilize the plug-in capability of their vehicles. 
    • A Horse With No Name
      Random Thoughts Thread

      By A Horse With No Name · Posted

      Maybe, but if it sells units, they will build it. 
    • A Horse With No Name
      Random Thoughts Thread

      By A Horse With No Name · Posted

      The Americans have given up on cars, and I have given up on the Americans. Also, water is wet, the sun rises in the east and sets in the west. Hume talked about the problem of induction, but this continuing seems like a pretty safe bet.    A low functioning theocracy is a bad thing, and what we are slipping into in the USA. 

  • Who's Online (See full list)

  • My Clubs

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.

Hey there, we noticed you're using an ad-blocker. We're a small site that is supported by ads or subscriptions. We rely on these to pay for server costs and vehicle reviews.  Please consider whitelisting us in your ad-blocker, or if you really like what you see, you can pick up one of our subscriptions for just $1.75 a month or $15 a year. It may not seem like a lot, but it goes a long way to help support real, honest content, that isn't generated by an AI bot.

See you out there.

Drew
Editor-in-Chief

I've whitelisted
Continue without support

Write what you are looking for and press enter or click the search icon to begin your search