Jump to content
Sign in to follow this  
dfelt

Mary Barra Kills FCA Merger Rumors

Recommended Posts

Saw this posted tonight, Marry Barra kills the Rumors, even if FCA comes back with a new offer, it is NOT in the GM shareholders best interest to merge with FCA!

 

http://fortune.com/2015/09/14/mary-barra-fiat-merger/?xid=yahoo_fortune&ref=yfp

 

Guess Sergio needs to go snort some more drugs to think up another hair brain idea on how to save his Mess up company!

Share this post


Link to post
Share on other sites

Your content will need to be approved by a moderator

Guest
You are commenting as a guest. If you have an account, please sign in.
Reply to this topic...

×   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.

Sign in to follow this  

  • Who's Online   1 Member, 0 Anonymous, 41 Guests (See full list)



  • Similar Content

    • By dfelt
      https://www.freep.com/story/money/cars/2018/10/16/ford-volkswagen-partnership/1655475002/
      Seems Ford and VW are talking about cooperation in building auto's that are the cornerstone of each company for each other to expand global sales. Seems Trucks / SUVs from Ford to VW and Cars from VW to Ford. Analysts say there is more than just building auto's for each other that a buy out of one by the other or a merge could take VW from #1 in the world to #1 plus alotta space from #2.
      Analysts are dumbfounded as to why Ford is not moving forward faster as they all see a big turn down coming in the auto industry. To quote the story:
      “Ford can screw around with management layer reductions in North America and partnership in the other three regions instead of being acquired, in a desperate attempt to remain independent, but concurrently, the next auto downturn is coming," said Gabrielsen, an Ann Arbor native who is based in San Jose del Cabo, Mexico. He travels frequently to Detroit, Chicago and Atlanta to meet with clients, primarily U.S.-based global companies. 
      "It is just a question of how soon. But, at the pace they are moving, the downturn will hit before they are done restructuring," he said. "A VW-Ford combination would be the undisputed largest automaker in the world, leaving the (now) near-tie with Toyota in the dust."
      To quote the news story above:
      The Ford-VW numbers are compelling, analysts said again and again.
      Gabrielsen noted that in 2017:
      Ford had 13.9 percent of the market share versus 4.5 percent for VW in North America. VW had 10.6 percent of the market share versus 8.9 percent for Ford in South America VW had 10 percent of the market share versus 3.4 percent for Ford in Asia Pacific. VW had 17 percent of the market share versus 7.5 percent for Ford in Europe.
    • By William Maley
      Fiat Chrysler Automobiles' Melfi plant is beginning to process of retooling to build a plug-in hybrid Jeep Renegade by 2020. The investment totaling 200 million Euros (about $229 million) will include modernizing the plant and training employees. FCA is planning to get pre-production models rolling off the line next year. Melfi is home to the Renegade and Fiat 500X production. 
      FCA says the Renegade will become the third electrified vehicle in their lineup, following the Chrysler Pacifica PHEV and Ram 1500 eTorque mild hybrid. This is part of an effort to launch "12 electric propulsion systems (BEV, PHEV, full-hybrid and mild-hybrid)", adding that 30 different models would be equipped with one or more of these systems.
      No mechanical details were given on the plug-in hybrid system destined for the Renegade. 
      Source: Fiat Chrysler Automobiles
      Melfi Plant prepares for production of new Jeep Renegade Plug-in Hybrid
      The FCA Melfi Plant in Italy is beginning preparations to produce the Jeep Renegade Plug-in Hybrid Electric Vehicle (PHEV) scheduled for market launch in early 2020. The Renegade PHEV will be produced alongside the Renegade and 500X full combustion engine products that are currently produced at the Melfi vehicle assembly plant.
      The pre-production units of the new Jeep Renegade PHEV are scheduled in 2019. The investment for the new engine launch equates to more than €200M and also includes a strong commitment by FCA for training all workers on the application of this new technology. The Plant facilities involved in the production will also be modernized accordingly.
      "With over 742,000 Renegades produced to date in Italy, the Melfi plant and the Renegade are the ideal location and the perfect product to launch the PHEV, further strengthening the offer of this highly successful Jeep", said Pietro Gorlier, Chief Operating Officer EMEA region.
      During the FCA Capital Markets Day on June 1, when the 2018-2022 business plan was presented to the financial community, it was stated that one of the most important change factors addressed in the strategic plan is electrification. Investments during the plan period result in a portfolio of technical solutions that will enable FCA to comply with the regulatory requirements in each sales region. At the same time, the technology will also be applied to enhance the specific strengths of each brand.
      The Renegade PHEV is the next step in FCA's roll-out of Electrification, following the launches of the PHEV Pacifica Minivan and the mild-hybrid e-Torque technology launched on the Ram 1500 truck earlier this year. By 2022, FCA will offer a total of 12 electric propulsion systems (BEV, PHEV, full-hybrid and mild-hybrid) in global architectures. Thirty different models will be equipped with one or more of these systems.
      London, 8 October 2018

      View full article
    • By William Maley
      Fiat Chrysler Automobiles' Melfi plant is beginning to process of retooling to build a plug-in hybrid Jeep Renegade by 2020. The investment totaling 200 million Euros (about $229 million) will include modernizing the plant and training employees. FCA is planning to get pre-production models rolling off the line next year. Melfi is home to the Renegade and Fiat 500X production. 
      FCA says the Renegade will become the third electrified vehicle in their lineup, following the Chrysler Pacifica PHEV and Ram 1500 eTorque mild hybrid. This is part of an effort to launch "12 electric propulsion systems (BEV, PHEV, full-hybrid and mild-hybrid)", adding that 30 different models would be equipped with one or more of these systems.
      No mechanical details were given on the plug-in hybrid system destined for the Renegade. 
      Source: Fiat Chrysler Automobiles
      Melfi Plant prepares for production of new Jeep Renegade Plug-in Hybrid
      The FCA Melfi Plant in Italy is beginning preparations to produce the Jeep Renegade Plug-in Hybrid Electric Vehicle (PHEV) scheduled for market launch in early 2020. The Renegade PHEV will be produced alongside the Renegade and 500X full combustion engine products that are currently produced at the Melfi vehicle assembly plant.
      The pre-production units of the new Jeep Renegade PHEV are scheduled in 2019. The investment for the new engine launch equates to more than €200M and also includes a strong commitment by FCA for training all workers on the application of this new technology. The Plant facilities involved in the production will also be modernized accordingly.
      "With over 742,000 Renegades produced to date in Italy, the Melfi plant and the Renegade are the ideal location and the perfect product to launch the PHEV, further strengthening the offer of this highly successful Jeep", said Pietro Gorlier, Chief Operating Officer EMEA region.
      During the FCA Capital Markets Day on June 1, when the 2018-2022 business plan was presented to the financial community, it was stated that one of the most important change factors addressed in the strategic plan is electrification. Investments during the plan period result in a portfolio of technical solutions that will enable FCA to comply with the regulatory requirements in each sales region. At the same time, the technology will also be applied to enhance the specific strengths of each brand.
      The Renegade PHEV is the next step in FCA's roll-out of Electrification, following the launches of the PHEV Pacifica Minivan and the mild-hybrid e-Torque technology launched on the Ram 1500 truck earlier this year. By 2022, FCA will offer a total of 12 electric propulsion systems (BEV, PHEV, full-hybrid and mild-hybrid) in global architectures. Thirty different models will be equipped with one or more of these systems.
      London, 8 October 2018
    • By dfelt
      To say that today the average auto is a supercomputer would be an understatement. Auto's are being asked to do so much now that many take it for granted what they can do and others wonder why self driving auto's are not already normal here after years of self driving auto's being promised. Part of this is computer tech only now getting up to speed, other reasons is adoption by people. 
      Consumer Reports decided to check out just how good is autonomous driving and is it more of a Semi-automated driving. Consumer Reports has compared the Cadillac Super Cruise, Tesla's AutoPilot along with Nissan's ProPilot and Volvo's Pilot Assist.
      While GM, Tesla and Volvo did not respond to Consumer Reports request for response, Nissan did issue a statement saying that their ProPilot Assist system is available on several models all of which cost tens of thousands of dollars less than the others in the report. While CR has tested the automated driving systems for years, this is their first official in depth testing of the systems. The testing was conducted on both private and public roads to insure real world results. With a system that uses a combination of cameras, radar and other various sensors to map, monitor and react to traffic conditions, each system had its limitations.
      Cadillac Super Cruise only works on divided highways that have been mapped by GM. Tesla Autopilot can work on small, curvy roads with poor lane markings but operates erratically in those situations. Nissans ProPilot did better than Tesla and Volvo for keeping the drivers engaged but just under Cadillac's Super Cruise. Over all Cadillac's Super Cruise was judged to be the best balance of High-tech capabilities with car operational safety and driver engagement.
      Consumer Reports does point out that Super Cruise is NOT GM's Cruise self-driving technology that Honda has just bought into to help bring to market.
      Reuters Story
    • By William Maley
      General Motors' self-driving unit, Cruise got a huge boost today from Honda. Today at a press conference, the two companies announced a new deal where Honda will invest $2.75 billion ($750 million upfront for a 5.7 percent stake and the remainder to be invested over the next 12 years) and will work together on developing a purpose-built self-driving vehicle.
      Speaking at GM's technical center in Warren, MI, CEO Mary Barra said Honda would provide "additional engineering, design, and technology expertise" and help assist Cruise's “global reach and the ability to deploy at-scale.”
      “Together, we can provide Cruise with the world’s best design, engineering and manufacturing expertise, and global reach to establish them as the leader in autonomous vehicle technology – while they move to deploy self-driving vehicles at scale,” said Barra in a statement.
      Honda's investment comes five months after Japanese holding conglomerate SoftBank invested $2.25 billion into the unit.
      Source: Automotive News (Subscription Required), General Motors


      Honda Joins with Cruise and General Motors to Build New Autonomous Vehicle
      Honda investment of $750 million values Cruise at $14.6 billion SAN FRANCISCO — Cruise and General Motors Co. (NYSE: GM) announced today that they have joined forces with Honda (TYO: 7267) to pursue the shared goal of transforming mobility through the large-scale deployment of autonomous vehicle technology.
      Honda will work jointly with Cruise and General Motors to fund and develop a purpose-built autonomous vehicle for Cruise that can serve a wide variety of use cases and be manufactured at high volume for global deployment. In addition, Cruise, General Motors and Honda will explore global opportunities for commercial deployment of the Cruise network.
      Honda will contribute approximately $2 billion over 12 years to these initiatives, which, together with a $750 million equity investment in Cruise, brings its total commitment to the project to $2.75 billion.
      In addition to the recently announced SoftBank investments, this transaction brings the post-money valuation of Cruise to $14.6 billion.
      “This is the logical next step in General Motors and Honda’s relationship, given our joint work on electric vehicles, and our close integration with Cruise,” said General Motors Chairman and CEO Mary Barra. “Together, we can provide Cruise with the world’s best design, engineering and manufacturing expertise, and global reach to establish them as the leader in autonomous vehicle technology – while they move to deploy self-driving vehicles at scale.”
      “Honda chose to collaborate with Cruise and General Motors based on their leadership in autonomous and electric vehicle technology and our shared vision of a zero-emissions and zero-collision world,” said Honda Executive Vice President and Representative Director COO Seiji Kuraishi. “We will complement their strengths through our expertise in space efficiency and design to develop the most desirable and effective shared autonomous vehicle.”
      “With the backing of General Motors, SoftBank and now Honda, Cruise is deeply resourced to accomplish our mission to safely deploy autonomous technology across the globe,” said Cruise CEO Kyle Vogt. “The Honda partnership paves the way for massive scale by bringing a beautiful, efficient, and purpose-built vehicle to our network of shared autonomous vehicles.”

      View full article
  • 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

×