Jump to content
  • Greetings Guest!

    CheersandGears.com was founded in 2001 and is one of the oldest continuously operating automotive forums out there.  Come see why we have users who visit nearly every day for the past 16+ years. Signup is fast and free, or you can opt for a premium subscription to view the site ad-free.

Sign in to follow this  
William Maley

Fiat News: Sergio Marchionne Looks For A New Partner to Join FCA

Recommended Posts

Sergio Marchionne is planning on stepping down as head of Fiat Chrysler Automobiles in 2018. But before he says good-bye, he wants to do one more big deal to help plug up holes in FCA and expand into other markets.

Reuters reports that Marchionne has been putting out feelers for the past year to try and jumpstart consolidation in the industry to help share costs and bring out new technologies. But an alliance would help FCA as they have one the largest piles of debt in the industry, along with a number of other problems such as an over-reliance on a North American market and missing a good amount of the Asian marketplace.

"The U.S. is where FCA is focusing now. Marchionne is doing a lot of work on his last deal and something will happen before 2018." said a source to Reuters.

Several sources say Marchionne and the Agnelli family - the founders of Fiat - have their eyes on General Motors as they have a strong presence in both the U.S. and Asia. Also, GM wants to get back on the right track in Europe after the mess with PSA Peugeot Citroen went no where. But a source at a U.S. bank says GM isn't interested.

This isn't the first time that FCA has put feelers out. Last year, there were reports of FCA speaking with both PSA Peugeot Citroen and Volkswagen. These reports were denied.

Source: Reuters


View full article

Share this post


Link to post
Share on other sites

The Next Big Bankrupt Auto Company! They should be stopping R&D on dead brands or trying to revive them and focus on what they have. This will destroy many lives if they do go bankrupt again.

Share this post


Link to post
Share on other sites

A merger with GM could work.  GM has no minivan, so that would be easy to slide the Town and Country to Chevy and/or Buick.  The Chrysler brand could be killed off.

 

Dodge gives that cheap performance brand, and Dart, Charger, Challenger is enough really, as Chevy would have the other sedans.

 

Jeep sells and makes profit, no need to mess with what works.

 

GMC truck could be killed off because they have Ram trucks, and Ram is different than Chevy.

 

Cadillac could share some stuff with Alfa Romeo and Maserati to make a luxury trio.

 

I think Ferdinand Piech should buy 25% of the FCA stock, and merge them with VW to make his super auto union.  It would be a much better feather in his cap than the failed Phaeton.

Share this post


Link to post
Share on other sites

A merger with GM could work.  GM has no minivan, so that would be easy to slide the Town and Country to Chevy and/or Buick.  The Chrysler brand could be killed off.

 

Dodge gives that cheap performance brand, and Dart, Charger, Challenger is enough really, as Chevy would have the other sedans.

 

Jeep sells and makes profit, no need to mess with what works.

 

GMC truck could be killed off because they have Ram trucks, and Ram is different than Chevy.

 

Cadillac could share some stuff with Alfa Romeo and Maserati to make a luxury trio.

 

I think Ferdinand Piech should buy 25% of the FCA stock, and merge them with VW to make his super auto union.  It would be a much better feather in his cap than the failed Phaeton.

Why take on a debt ridden company that is poorly managed and clearly only has a few things of value that does not justify the cost to get.

 

Yet since Common Sense is not Common some people will look at this as a good idea to a point.

 

I agree that Chrysler could have their product line of the few things, mainly the Minivan rolled into Chevy and you kill Chrysler.

Dodge should be merged into GMC / Buick / Dodge. Dodge becoming their performance line.

Ram is sold off to recapture spent money to a company that wants to get into the US market for trucks. Mercedes Benze should buy them as it would be a superior truck line than NissaBenze could do.

Jeep would be GM's stand alone 4x4 offroad group.

Cadillac and Maserati become their dual Luxury line, Kill off the stupid Alfa once and for all and stop wasting money on it. It is a History Foot note.

Share this post


Link to post
Share on other sites

The Agnelli family may want to keep Maserati, they surely want to keep Ferrari.  Even still, Ram sells a lot of trucks and they have a good diesel.  Jeep is the jewel.

 

VW could do well with FCA because WV isn't truck or SUV heavy, Jeep doesn't compete right now with VW or Audi products.  They could merge their compact car platforms into one to save money, that is where their margins are bad.

Share this post


Link to post
Share on other sites

Suzuki, Mazda, or Mitsubishi.... they have experience, somewhere inside the FCA mothership, of working with each of them already. 

 

FCA needs better 4-cylinders, Mazda has them. Mazda needs better V6es, Chrysler has them. 

Suzuki is big in Asian markets and could likely team up for smaller turbo4s, AWD systems, and possibly small car platforms.

 

Mitsubishi just needs help...

  • Upvote 3

Share this post


Link to post
Share on other sites

I think Marchionne wants to sell the company, probably would be a good pay out for him.  Mazda and those little guys don't have that much cash, Mazda has $3 billion cash on hand.  VW on the other hand has $31 billion of cash, plus Piech is worth over $5 billion, although I imagine most of that is his 10% of Porsche, I don't know how much cash he could raise to buy in.  VW could buy out FCA and take ownership.

Share this post


Link to post
Share on other sites

FIAT/Chrysler and VW pairing up would create a sh*t sandwich of monumental unreliability. 

 

It'd be the best thing ever. 

  • Upvote 1

Share this post


Link to post
Share on other sites

Hopefully causing the weak auto's to go away for ever. :P

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  



  • Similar Content

    • By William Maley
      Fiat Chrysler Automobiles is considering replacing the Pentastar V6 with a brand new straight-six engine. A source tells Allpar the new engine will be based on their new four-cylinder Global Medium Engine (GME) - what is found under the hood of the Jeep Wrangler and Alfa Romeo Giulia. This will allow FCA to build the engine alongside the four-cylinder variant.
      Not many technical details are known about the engine aside from it being pegged around 2.9L to avoid taxes in certain European countries. We might expect larger displacements for trucks and SUVs. Production could take place at FCA's Dundee and Trenton, Michigan plants. It is expected that Ferrari will use a variant of this engine for Maserati vehicles. No timeframe as to when this new engine could debut.
      Allpar also mentions in their report that FCA was considering adding some sort of boost to the Pentastar, but ran into issues with the size and power constraints.
      Source: Allpar

      View full article
    • By William Maley
      Fiat Chrysler Automobiles is considering replacing the Pentastar V6 with a brand new straight-six engine. A source tells Allpar the new engine will be based on their new four-cylinder Global Medium Engine (GME) - what is found under the hood of the Jeep Wrangler and Alfa Romeo Giulia. This will allow FCA to build the engine alongside the four-cylinder variant.
      Not many technical details are known about the engine aside from it being pegged around 2.9L to avoid taxes in certain European countries. We might expect larger displacements for trucks and SUVs. Production could take place at FCA's Dundee and Trenton, Michigan plants. It is expected that Ferrari will use a variant of this engine for Maserati vehicles. No timeframe as to when this new engine could debut.
      Allpar also mentions in their report that FCA was considering adding some sort of boost to the Pentastar, but ran into issues with the size and power constraints.
      Source: Allpar
    • By William Maley
      Earlier this month, Fiat Chrysler Automobiles filed a complaint with the U.S. International Trade Commission over the Mahindra Roxor - a side-by-side off-road utility. FCA alleges that the certain design elements of the Roxor infringe on the " intellectual property rights of FCA's Jeep design," and is wanting to stop the sale of the model in the U.S.
      Mahindra is fighting back. Reuters reports that the company has filed a public interest statement with the U.S. ITC and started proceedings in a Michigan court for an injunction into FCA's complaint.
      We are asking the court to block Fiat from participating in the ITC [International Trade Commission] claim -- an injunction -- because of the fact that they agreed in 2009 to never bring such claims if we use a grille that they approved. The Roxor uses that grille," Mahindra said in a statement. (Emphasis mine).
      "We are also arguing that Fiat is using the ITC case to harm our ROXOR business by creating negative publicity, damaging our reputation and our stature in the marketplace.”
      FCA in its complaint said that Roxor imports will hurt them as the model are underselling the Jeep Wrangler. A lot of this comes down to the Roxor being manufactured in India, and then shipping the model as a knock-down kit to their Detroit-area assembly plant for final assembly. Mahindra disputes this, saying the Roxor doesn't compete with the Wrangler as it's a side-by-side off-road utility.
      " We also demonstrated that the ROXOR is a vehicle that was always intended only as an off-road vehicle, does not compete with Fiat vehicles, is manufactured and assembled in the first OEM plant to be built in Michigan, USA, in the last 25 years, was the result of more than three years of research and development, and categorically rejected the notion that the ROXOR was an imported low quality “knock-off” kit car," the company said.
      Source: Reuters via Automotive News (Subscription Required), Mahindra


      Mumbai, August 29, 2018 – “A complaint was filed by FCA US, LLC (“Fiat”) with the United States International Trade Commission (“ITC”) against Mahindra which we believe is without merit. In response, we have taken a number of actions both within the ITC and in Federal District Court that we would like to share with you. Mahindra filed a Public Interest Statement with the ITC on August 22, 2018. This Statement expresses our position on this matter and explains how it is in the public interest for the ITC to rule against Fiat and in favor of Mahindra.
      Our goals on the public interest statement were two-fold. One was to state our position on the merits and the other was to correct inaccuracies regarding Mahindra as a company and the ROXOR as a product. We set the record straight on the history of Mahindra, including its U.S. operations. We also demonstrated that the ROXOR is a vehicle that was always intended only as an off-road vehicle, does not compete with Fiat vehicles, is manufactured and assembled in the first OEM plant to be built in Michigan, USA, in the last 25 years, was the result of more than three years of research and development, and categorically rejected the notion that the ROXOR was an imported low quality “knock-off” kit car.
      On August 23, 2018, Mahindra filed a complaint in Federal Court in Michigan on the issue of the applicability and enforcement of our 2009 agreement with Fiat. We are asking the court to block Fiat from participating in the ITC claim – an injunction – because of the fact that they agreed in 2009 to never bring such claims if we use a grille that they approved. The ROXOR uses that grille. We are also arguing that Fiat is using the ITC case to harm our ROXOR business by creating negative publicity, damaging our reputation and our stature in the marketplace.”

      View full article
    • By William Maley
      Earlier this month, Fiat Chrysler Automobiles filed a complaint with the U.S. International Trade Commission over the Mahindra Roxor - a side-by-side off-road utility. FCA alleges that the certain design elements of the Roxor infringe on the " intellectual property rights of FCA's Jeep design," and is wanting to stop the sale of the model in the U.S.
      Mahindra is fighting back. Reuters reports that the company has filed a public interest statement with the U.S. ITC and started proceedings in a Michigan court for an injunction into FCA's complaint.
      We are asking the court to block Fiat from participating in the ITC [International Trade Commission] claim -- an injunction -- because of the fact that they agreed in 2009 to never bring such claims if we use a grille that they approved. The Roxor uses that grille," Mahindra said in a statement. (Emphasis mine).
      "We are also arguing that Fiat is using the ITC case to harm our ROXOR business by creating negative publicity, damaging our reputation and our stature in the marketplace.”
      FCA in its complaint said that Roxor imports will hurt them as the model are underselling the Jeep Wrangler. A lot of this comes down to the Roxor being manufactured in India, and then shipping the model as a knock-down kit to their Detroit-area assembly plant for final assembly. Mahindra disputes this, saying the Roxor doesn't compete with the Wrangler as it's a side-by-side off-road utility.
      " We also demonstrated that the ROXOR is a vehicle that was always intended only as an off-road vehicle, does not compete with Fiat vehicles, is manufactured and assembled in the first OEM plant to be built in Michigan, USA, in the last 25 years, was the result of more than three years of research and development, and categorically rejected the notion that the ROXOR was an imported low quality “knock-off” kit car," the company said.
      Source: Reuters via Automotive News (Subscription Required), Mahindra


      Mumbai, August 29, 2018 – “A complaint was filed by FCA US, LLC (“Fiat”) with the United States International Trade Commission (“ITC”) against Mahindra which we believe is without merit. In response, we have taken a number of actions both within the ITC and in Federal District Court that we would like to share with you. Mahindra filed a Public Interest Statement with the ITC on August 22, 2018. This Statement expresses our position on this matter and explains how it is in the public interest for the ITC to rule against Fiat and in favor of Mahindra.
      Our goals on the public interest statement were two-fold. One was to state our position on the merits and the other was to correct inaccuracies regarding Mahindra as a company and the ROXOR as a product. We set the record straight on the history of Mahindra, including its U.S. operations. We also demonstrated that the ROXOR is a vehicle that was always intended only as an off-road vehicle, does not compete with Fiat vehicles, is manufactured and assembled in the first OEM plant to be built in Michigan, USA, in the last 25 years, was the result of more than three years of research and development, and categorically rejected the notion that the ROXOR was an imported low quality “knock-off” kit car.
      On August 23, 2018, Mahindra filed a complaint in Federal Court in Michigan on the issue of the applicability and enforcement of our 2009 agreement with Fiat. We are asking the court to block Fiat from participating in the ITC claim – an injunction – because of the fact that they agreed in 2009 to never bring such claims if we use a grille that they approved. The ROXOR uses that grille. We are also arguing that Fiat is using the ITC case to harm our ROXOR business by creating negative publicity, damaging our reputation and our stature in the marketplace.”
  • My Clubs

  • Recently Browsing

    No registered users viewing this page.

  • Reader Rides

About us

CheersandGears.com - Founded 2001

We ♥ Cars

Get in touch

Follow us

Recent tweets

facebook

×

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.