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Unread 2017-09-21, 09:11 AM   #1
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Default FCA (Fiat Chrysler Automobiles) + ? ?

It appears that Sergio still can't find a partner or sell off FCA before he retires, looks like a new rumor points to Hyundai/KIA being a new suitor

Hyundai/KIA have both showed interest in building a truck this would be the perfect situation to that

Hyundai to place a bid for FCA?










The rumor persists even after Hyundai's denial.
Industry rumors indicate Fiat-Chrysler Automobiles (FCA) might have finally found a buyer. Hyundai-Kia executives are allegedly evaluating a takeover in a bid to become the world's largest automaker by sales.

Buying all or part of FCA would give Hyundai-Kia access to more SUVs, crossovers, and pickup trucks, all of which it sorely needs to remain competitive. Alternatively, FCA could benefit from the hybrid and electric technology found in recent Hyundai-Kia models like the Niro and the Ioniq. Many of the Koreans' smaller cars (like the Rio, pictured above) would overlap with those built by the Italians, however, especially on the European and South Korean markets.

There's no word yet on how much FCA is worth, or which parts of the business would fall under the new South Korean leadership. Hyundai has denied it's getting ready to absorb FCA, but the rumors persist. Analysts believe it would be the right move.

"Hyundai is denying the merger, but the need to acquire a company is higher than ever due to the crisis in the Chinese and U.S. markets," noted analyst Lee Jae-il in an interview with the Korean Herald.

FCA hasn't commented on the report yet. The brand has been surprisingly candid about potential acquisitions in the past, so we'll learn more details soon if the rumors turn out to be accurate.
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Unread 2017-09-21, 11:42 AM   #2
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-Chrysler is a two vehicle brand, but the Pacifica is selling well and is class competitive

-Dodge has too much heritage to be thrown away, and three product that are worth it, the Charger has the large non-luxury sedan segment for itself, the Challenger does things it’s own way and doesn’t compete with the Camaro or Mustang for customers, Challenger customers want a Challenger, the Durango is the best three row CUV out there, with capabilities closer to the Tahoe and Expedition rather than Explorer and Pilot.

-Ram makes and sells trucks with very large profit margin and only shares the segment with Ford and GM.

-Jeep has a fresh SUV lineup in a market currently in love with SUV’s.

-Alfa Romeo also has a fresh lineup but I don’t think that the sale would include it

-Maserati, if you can’t say anything good about something then don’t say nothing.

-Fiat has very strong presence in Europe, Asia and Latin America. Might be worth something in terms of area served.
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Unread 2017-09-22, 12:32 PM   #3
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Is Hyundai Planning To Buy FCA?


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Reports have surfaced indicating that Hyundai is interested in acquiring Fiat Chrysler Automobiles (FCA) in a deal which would make it to the world’s largest carmaker.

An analyst from Eugene Investment & Securities, Lee Jae-il, told The Korea Herald that Hyundai could benefit greatly from purchasing FCA and help it to expand its operations throughout the United States and Europe. Last year, the two companies built a combined 11.5 million vehicles.

“Hyundai is denying the merger, but the need to acquire a company is higher than ever due to the crisis in the Chinese and US markets. The possibility of Chinese automaker Great Wall Motors acquiring Jeep has been suggested, and Hyundai Motor has also surfaced as a possible buyer,” Jae-il said.

Talk about a potential relationship between Hyundai and FCA first emerged last month when it was reported that Sergio Marchionne was actively seeking a merger with a large Asian car manufacturer. Such speculation comes not long after China’s Great Wall Motor said it was interested in purchasing the Jeep brand.

Analysts believe it would cost Hyundai approximately $9.83 billion to acquire FCA. If, however, it wanted to purchase the automaker without Maserati or parts manufacturer Magneti Marelli, the deal could cost around $4.95 billion.

However, not everyone is convinced such a move would be a good decision for Hyundai.

“Hyundai will face more obstacles if it buys the FCA as a whole. Fiat mainly produces small cars, which overlaps with vehicles made by Kia Motors in the A, B, and C-segments,” an industry insider said.
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Unread 2017-09-22, 12:37 PM   #4
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My take on the merger :

Abarth : Blend it into Hyundai N
Alfa Romeo: AR : could be the skunk works program for Hyundai
Chrysler: Move vehicles over to the Genesis platform
Dodge: Dodge would need to be the KIA to Hyundai (imo)
Fiat: Small car segment (blend the smaller Hyundai/KIA cars and grow)
Fiat Professional : The Commercial segment (Hyundai has this in Korea)
Jeep: Well it is Jeep
Lancia : Hopeless
Maserati: Maserati isn't Ferrari like FCA thought they would be (Could be a HALO car for Hyundai/KIA/Genesis)
Ram Trucks : Trucks it what is lacking for Hyundai/KIA
SRT: Blend/mix in with N
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Unread 2017-12-04, 10:57 AM   #5
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FCA shoots down rumors of Hyundai merger




The two are exploring a technical partnership, not a full merger.

Fiat-Chrysler Automobiles (FCA) is still actively looking for a company to merge with in order to benefit from economies of scale. Recent reports suggest it's getting cozy with Hyundai, but chief executive Sergio Marchionne has shot down the rumors of a full merger.
"We already buy components from Hyundai. Let's see if we can agree on other points, especially for the development of transmissions and hydrogen," Marchionne said, according to Reuters. He added there was "nothing else to announce for the moment," and stressed he doesn't think the collaboration will ultimately lead to a merger.
FCA is a rookie when it comes to hydrogen powertrains. Hyundai, on the other hand, is one of the global leaders in the field. It has been testing hydrogen fuel cells for years and it aims to deliver a hydrogen-powered SUV with a 500-mile range as early as next year. Its main markets will be Japan, where the government is making large investments in a refueling infrastructure, and the state of California. Its design will be inspired by the FE Concept (pictured) shown last year in Geneva.
Joining forces with FCA would help the South Korean auto-maker reap the rewards of economies of scale, which would be a big relief for what is undoubtedly an immensely expensive project. But as much as we'd love to see a Hellcat-powered Kia Stinger, it's unclear whether the Hyundai group would receive some of FCA's technology in return or merely get cash.





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Unread 2018-02-28, 11:41 AM   #6
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Geely Attempted To Buy FCA Before Investing In Daimler

Geely chairman Li Shufu recently acquired a 9.69% stake in Daimler AG but a recent report suggests the company was originally interested in Fiat Chrysler Automobiles.


These rumors were widely reported last August as Geely was said to be one of several Chinese companies – including Dongfeng, Great Wall and Guangzhou – looking to buy the automaker. Shortly after the reports surfaced, Geely executive director Gui Shengyue shot down the rumors by saying “We don’t have [any] such plan at the moment.”
While that seemed to be the end of the story, Bloomberg is reporting the Zhejiang Geely Holding Group met with FCA in mid-2017 to discuss the possibility of a takeover. It’s unclear how serious the discussions were but the publication describes them as “informal talks.”

Despite their informal nature, it appears two sides discussed putting a price tag on the deal. This is where discussions apparently fell apart as Geely and FCA reportedly had different opinions on how much the automaker would be worth after it completing its five-year plan which runs through the end of 2018.
There’s no word on how much Geely and Shufu were willing to pay but the $9 billion purchase of Daimler stock might give us an indication of how much money was on the table. However, the report notes FCA has a market value of approximately $33 billion.
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Unread 2018-04-13, 07:20 PM   #7
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FCA Primed For Merger With Ford, Volkswagen, Or Geely?






Analysts believe CEO Marchionne's planned exit next year could make FCA a tempting merger partner.
Fiat Chrysler Automobiles CEO Sergio Marchionne is expected to leave the company next year after 14 years leading the company and its predecessor Fiat. The executive has been credited for turning around the ailing Chrysler business, transforming it from a bankrupt automaker into a profitable entity that has been biting off chunks of debt due to the strength of its Ram and Jeep brands. Still, Marchionne has been a proponent of consolidation before, and his exit could spur a merger deal for FCA—possibly with Ford, Volkswagen, PSA, or Geely.







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“This is clearly the end of an era and maybe more, as Marchionne is not just the mastermind behind FCA, he is FCA,” said professor and former head of Fiat's archives, Giuseppe Berta, in an interview with Automotive News. “After he is gone, FCA will have to change, and this opens room for a big transformational deal.” The trade publication posits on a few partners should FCA hold hands with another automaker. The first possibility: cross-town rival Ford. Both FCA and Ford are family-controlled automakers and one analyst believes the Blue Oval could be better off with FCA in its corner.








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“Ford is clearly the deal that makes the most sense,” Adam Wyden, founder of ADW Capital, told Automotive News. “Ford is struggling and needs to revamp its strategy” and FCA is “in a position of strength.” Another aspect that could drive a FCA-Ford merger is Donald Trump's “America First” policies. Still, the trade magazine offered two European options as possible suitors for FCA. The first was Volkswagen, which could use a partner with a strong presence in the United States to help it regain its foothold here. The other was PSA Group, which recently purchased Opel from General Motors.







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FCA could give PSA—parent company of the Peugeot and Citroen brands—a presence in America, but a deal between the two companies could run afoul of European antitrust law, said PSA CEO Carlos Tavares last month. The last (and probably most likely) scenario would be for FCA to merge with a Chinese company. The Auburn Hills automaker held informal talks with China's Geely, parent of Volvo, before its chairman decided take a significant financial interest in Mercedes-Benz parent Daimler. Marchionne has said interest from Chinese automakers has been “obvious” in the past.







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Unread 2018-06-29, 03:26 PM   #8
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Hyundai reportedly eyeing a takeover of FCA

Hyundai's CEO wants to launch the bid before Sergio Marchionne retires

The CEO of Hyundai Motor Group plans to launch a takeover bid for Fiat Chrysler ahead of the planned retirement of FCA Chief Executive Sergio Marchionne next spring, Asia Times reports, citing unnamed sources close the situation. CEO Chung Mong-koo will wait for an expected decline in the Italian-American automaker's shares to make his move.

Hyundai isn't commenting on the rumors, unsurprisingly, but would presumably stand to benefit by gaining Chrysler's dealer network and the lucrative Jeep brand and probably Ram, too. Autoblog also sought comment from FCA representatives in Auburn Hills.

But like any story about a possible takeover, this one gets complicated with inside players — and President Trump's posturing on international trade issues.

FCA has been the subject of takeover interest before, including by Hyundai, but Marchionne has denied a merger was likely, instead saying his company was in talks with the Korean automaker about a technical partnership. In 2015, Marchionne lobbied General Motors hard, but unsuccessfully, for a tie-up; he was also spurned by Volkswagen. Marchionne had repeatedly stressed the need for car companies to merge to decrease overcapacity and better afford the massive investments needed for things like autonomous and electric vehicles.

In the case of Hyundai's reported interest, there is a cast of characters. One is Paul Singer, principal of the hedge fund Elliott Management, an activist shareholder with a $1 billion stake in Hyundai and a major owner of equities in Fiat's home turf of Italy. Then there is FCA Chairman John Elkann, who reportedly disagrees with Marchionne on a successor as CEO of Fiat Chrysler but has little interest in running the company himself and would prefer a merger.

Compounding things is what the Trump administration would think of a further blending of Fiat Chrysler's international DNA, though a deal with a Korean automaker is thought to be more palatable to the president and members of Congress than by a Chinese conglomerate like Great Wall Motor, which has confirmed its interest in taking over all or parts of FCA.
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Unread 2018-07-01, 11:11 AM   #9
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Is Hyundai Holding Secret Talks To Buy Fiat Chrysler?






Based on the sources, this could be for real.


Since 2014 Fiat Chrysler CEO Sergio Marchionne has been trying to court other automakers, specifically GM, into a merger acquisition. Marchionne’s desire to merge stems, at least in part, from FCA’s only so-so initial public offering in 2014. But GM refused the offer and Marchionne publically denied making similar gestures to Volkswagen in 2014 and 2017. Last August, word got out that Chinese automaker Great Wall was seriously considering to buy Jeep, but nothing, at least so far, has happened.







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But now, Car and Driver, via Asia Times, is reporting that Hyundai is reportedly holding talks with FCA regarding a potential sale. Marchionne is scheduled to retire in April 2019, so a sale such as this could be his departing gift of sorts. Turns out that activist hedge fund Elliott Management, which has invested more than $1 billion in Hyundai, Kia, and Hyundai’s part’s division Mobis, is also pushing for the deal. Hyundai and FCA previously held talks last December about the potential to co-develop hydrogen fuel-cell powertrains and transmissions, but Marchionne said this was a technical partnership and nothing more.








Unnamed sources told Asia Times that Hyundai is waiting for FCA shares to drop before it attempts to launch a takeover bid beginning this summer. Both Hyundai and FCA have so far declined to comment on any potential merger, but considering the reliability of both of these sources and the facts on the ground, it sure does sound like something is about to happen.
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Unread 2018-07-01, 11:14 AM   #10
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Hyundai claims FCA buyout rumor is ‘totally groundless’

A merger would mostly benefit FCA, but would skyrocket Hyundai to become the world's largest automaker.

Fiat Chrysler merger rumors are in the news once again, this time with Hyundai. According to unnamed sources cited by the Asia Times, Hyundai Motor Group CEO Chung Mong-koo has a close eye on FCA's stock price. He anticipates a decline, and once that happens, the sources say the Hyundai CEO will pull the trigger on a takeover bid, which is slated to happen sometime before FCA's annual shareholders' meeting in the spring of next year when FCA CEO Sergio Marchionne is expected to step down.

At the moment it's unclear who would succeed Marchionne as CEO, so one benefit for FCA is that a Hyundai merger would clear up that future leadership mystery. One caveat with that, however, is that Hyundai CEO Mong-koo is 80 years old, so retirement is looming.

If a Hyundai-FCA merger were to happen, it would create the world's largest automaker. That's not the only advantage for both parties. As we've seen with FCA merger rumors in the past, like when Volkswagen was considered a potential suitor, there would be critical product and manufacturing overlaps. That would not be the case with a Hyundai-FCA merger, rumors of which first surfaced last year.

Perhaps most advantageous of all, for FCA at least, is that it has no electric vehicle strategy. That could mean disaster for Fiat Chrysler in the coming decade. EV support from Hyundai, however, would steer FCA clear of that iceberg.

On top of all that, the United States and South Korea are unified by a free-trade agreement, which would only ease the transfer of models between both nations.

Yet despite the synergies that could develop via a Hyundai-FCA merger, Senior Group Manager of Hyundai Corporate and Marketing Public Relations, Michael Stewart tells us, "That rumor is totally groundless." We also reached out to FCA about the rumored merger, but they declined to comment.
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Unread 2018-07-02, 10:49 AM   #11
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Hyundai Says FCA Buyout Rumor Is “Totally Groundless”









Hyundai has denied rumors that it is planning a massive buyout of FCA shortly before chief executive Sergio Marchionne steps down.

Responding to a report from Asia Times suggesting that a buyout bid is imminent, Hyundai Corporate and Marketing public relations manager Michael Stewart told CNET indicated the reports are unsubstantiated.
“That rumor is totally groundless,” he said.
FCA has declined to comment on the reports and while Hyundai doesn’t appear to be having any of it, that doesn’t entirely rule out the possibility of a massive deal between the automakers.
Still, a possible merger makes a lot of business sense
Asia Times suggested that Hyundai chief executive Chung Mong-koo has been keeping a close eye on FCA’s stock price and wants to initiate a buyout when the company’s value drops before its annual shareholders’ meeting in the spring of next year.
If Hyundai and FCA were to occur, the combined company would be the world’s largest automaker. As with other buyouts of this kind, a Hyundai purchase of FCA would result in a close collaboration between the automakers in the development of new and existing vehicles.
Marchionne has long pursued a merger having previously expressed interest in joining forces with General Motors and Volkswagen. A merger with Hyundai would also give FCA access to the South Korean automaker’s electric technologies, something which FCA desperately needs. Additionally, a free trade agreement between the United States and South Korea makes a merger much more likely to be approved than one between FCA and a Chinese carmaker like Great Wall.
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Unread 2018-07-02, 02:19 PM   #12
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Hyundai Denies FCA Takeover Rumor


An official denial doesn't mean that the merger is off, though.

A recent report indicates Hyundai is eyeing FCA for a possible takeover attempt, the Korean automaker is officially claiming that this isn't the case. "That rumor is totally groundless," Hyundai Motor America corporate spokesperson Michael Stewart told Roadshow.

While this statement pours a little cold water on the merger speculation, a tie-up could still happen. According to the speculation, Hyundai wants FCA's stock price to fall as much as possible before making a bid. If the company's spokespeople publicly confirm that planning for a takeover is underway, then FCA's shares might not fall because investors would put money to Italian-American firm to benefit from the strategy.

As of this writing, FCA shares are trading at $18.89. The amount is a boost over a stock price of $11.07 on July 3, 2017.

The rumors about a Hyundai-FCA merger came from a report in the Asia Times that cited unnamed sources who claimed that the planning was underway. The South Korean automaker allegedly wants to begin the takeover before Sergio Marchionne steps down from leading FCA next year.
In 2017, there were also several reports that Hyundai and FCA were exploring a merger. Officials from both companies denied the rumors, though. However, the firms were open to a technical partnership to share development of future transmissions and hydrogen tech.

FCA boss Sergio Marchionne has been public about his belief that big automakers need to merge because companies have been wasting money to pursue development of similar technology. His primary target for such a tie-up was General Motors, but he reportedly at least investigated other partners.

If Hyundai and FCA merge, the new company would be the largest automaker in the world with around 11.5 million deliveries each year. Both companies would gain something from the partnership, too. Hyundai gets an expanded manufacturing base, particularly in North America and Europe. The South Korean firm is also trying to grow into the luxury market with its Genesis brand, but having access to the instant name recognition from Alfa Romeo and Maserati might provide an alternative route to building a whole new marque. FCA would be able to use some much-needed new platforms and have greater access to the Asian region.
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Unread 2018-07-03, 10:37 AM   #13
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Hyundai’s Possible Takeover for FCA




According to the latest rumors, looks like Hyundai Motor Group CEO Chung Mong-koo is waiting for an expected decline in FCA’s shares before launching a takeover bid for the Italo-American automotive group.

The Hyundai bid will be launched sometime between this summer and prior to the Fiat-Chrysler annual shareholders’ meeting in May 2019, when Sergio Marchionne formally steps down as CEO.
The key driver for the Fiat Chrysler Automobiles and Hyundai Motor Group merger will be Elliott Management principal Paul Singer, who is an activist shareholder in Hyundai and major player in Italian equities with the fund’s stake in Telecom Italia and de facto owner of Silvio Berlusconi’s AC Milan soccer club.
Having already amassed a US$1-billion stake in Hyundai, Elliott Management’s Singer has given himself an inside track into FCA by naming Fiat Chrysler CEO (Europe, the Middle East and Africa) Alfredo Altavilla as a board member of Telecom Italia.
Marchionne personally triggeredHyundai’s interest in creating the world’s largest automotive group by using potential interest by China’s Great Wall Motor Co as a stalking horse, sources close to the situation said.



Marchionne’s aggressive pursuit of a merger partner for FCA is due in part to industry overcapacity and pressure on the part of Fiat’s controlling shareholders, the Elkanns and Agnellis. FCA chairman and family patriarch John Elkann is much more interested in the news media space than in automobiles. Elkann recently took over the controlling stake in The Economist Group from Pearson PLC and is a potential bidder for the New York Times Company. “In fact, John Elkann’s office in London is inside the Economist building,” one source noted.
Notwithstanding carefully choreographed responses during the FCA Capital Day presentation of the company’s five-year plan in Balocco, Italy – there is sharp and serious disagreement between Elkann and Marchionne over who will take over FCA after Marchionne’s departure.
“Marchionne is pushing for [FCA CFO] Richard Palmer, while Elkann wants an industrial CEO to take over such as Altavilla or [Ram/Jeep head] Michael Manley,” an FCA insider said.
However, Fiat Chrysler watchers said they do not believe Elkann has the ability or the desire to run the Fiat Chrysler Automobile empire once Marchionne has left the company. In fact, a mega-merger with Hyundai is a more palatable option for Elkann, who oversees the family’s interest through the financial holding, Exor.
“Elkann is well aware that Fiat Chrysler is going into a perfect storm. Lack of new models, mediocre technology in relation to peers and no real EV [electric vehicle] strategy, all on top of rising oil prices,” the FCA insider said.



Marchionne is uniquely transparent in telegraphing his intentions to the market. His aggressive pursuit of General Motors CEO Mary Barra is meant to show FCA’s determination to find a good merger partner and at the same time illustrates Marchionne’s understated sense of humor and passion for making mischief.
Fiat was only saved from imminent collapse by then-GM CEO Rick Wagoner, who was forced to fork over US$2 billion in cash to Sergio Marchionne to get himself out of a shotgun marriage with Fiat Auto in 2005.
While company insiders say an FCA/Volkswagen merger would make the most sense but such a deal would face impossible opposition in Germany and Italy due to automotive plant closures and questions concerning VW’s willingness to consider such a merger after its internally traumatic diesel-engine scandals in the US and Europe.
Jim Trainor, a Hyundai spokesman in the United States, says the company does not comment on market rumors. HMG, the world’s fifth-largest automotive manufacturer, owns the Hyundai and KIA automotive brands that operate US manufacturing plants in Montgomery, Alabama (Hyundai Santa Fe,, Sonata and Elantra and KIA (Santa Fe, Sorento) in West Point, Georgia.
One source said that Italian-Canadian Marchionne – who is as at home in the Halls of Congress as in the European capitals of Rome, Paris and Berlin – is fully aware that any merger between a Chinese automotive group and FCA would be blocked by US President Donald Trump’s administration through the Committee on Foreign Investment in the United States.

However, the rumors of a potential Chinese buyer served in part to soften White House and Congressional opposition of a merger between FCA and Korea’s Hyundai. Hyundai, unlike its Japanese rival Toyota, is a relative latecomer to the US market and has the most to benefit in taking over the Chrysler distribution network and iconic Jeep brand.
Unlike Volkswagen and GM, Hyundai-FCA poses significantly fewer manufacturing plant and product overlaps both in the United States and Europe. The US-South Korean Free Trade Agreement –on top of closer political-military ties between the United States and South Korea over North Korea’s nuclear proliferation – would make a Hyundai-FCA merger more palatable to the Trump administration.

Skybridge Capital founder and former White House communications director, Anthony Scaramucci, said that the recently re-ratified US-Korea Free Trade Agreement is the best example of how Trump intends to tackle free trade issues: Not cancel them but update them so they are in step with the times.
Marchionne himself has repeatedly warned his fellow auto bosses in the United States and Europe not to underestimate the threat Korean manufacturers pose to legacy manufacturers.
However, the timing and launch of Hyundai Motor Group CEO Chung Mong-koo’s takeover bid for Fiat Chrysler are related to the FCAU stock price and Marchionne’s efforts to cut labor costs and increase profit margins in Italy.
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Unread 2018-07-03, 01:40 PM   #14
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Hyundai Denies "Groundless" Rumor It Plans To Buy FCA




And FCA refuses to comment.
Only a few days ago we reported Hyundai and Fiat Chrysler Automobiles were holding secret merger talks. This really didn’t come as much of a surprise, considering FCA CEO Sergio Marchionne has been very vocal about his desire for a merger with another automaker for a few years now. He previously knocked on GM’s door but no one answered. But the fact Hyundai may be in the picture is quite interesting. For starters, the South Korean automaker is flush with cash these days.

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It’s also worth noting that both automakers previously held preliminary talks last year about a potential collaboration on fuel-cell hydrogen technologies. Roadshow reached out to Hyundai for comment regarding a possible FCA merger and, not surprisingly, denied everything. “That rumor is totally groundless,” said Hyundai Corporate and Marketing Public Relations official Michael Stewart. FCA declined to comment. That denial and silence, it needs to be pointed out, does not mean this deal won’t happen. Both Hyundai and FCA are publically traded companies and merger/buyout talks would certainly be felt in their respective stock prices, for better or worse.





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The market and shareholders could react favorably to these talks, or they may not. Again, if a deal is being cooked up both companies want to keep it quiet until they’re good and ready to make an announcement. One major issue that likely still needs to be worked out is leadership. Marchionne plans to retire next April and Hyundai CEO Mong-koo is 80 years old. Who will replace them both? If the merger talks are serious, will one individual be sought for the job? It also needs to be noted that the U.S. and South Korea have a free trade agreement that would unquestionably be extremely beneficial.


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Unread 2018-07-05, 10:06 AM   #15
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GM would kill off the Challenger right away. Cant have a competitor to its Camaro which is being outsold by the Challenger.
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Unread 2018-07-05, 10:24 AM   #16
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Well GM isn't even in contention or talks
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Unread 2019-03-08, 05:53 PM   #17
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Fiat Chrysler open to mergers, and PSA is looking for one

FCA boss Mike Manley seems to return the French automaker's interest


GENEVA — Fiat Chrysler (FCA) is open to pursuing alliances and merger opportunities if they make sense, but a sale of its luxury brand Maserati is not an option, Chief Executive Mike Manley said on Tuesday.


"We have a strong independent future, but if there is a partnership, a relationship or a merger which strengthens that future, I will look at that," Manley told reporters at the Geneva Motor Show.


Asked whether he would consider selling Maserati to China's Geely Automobile Holdings, as suggested by recent media reports, Manley said: "Maserati is one of our really beautiful brands and it has an incredibly bright future. ... No."


FCA is often cited as a possible merger candidate. Bloomberg said this week that the Italian-American carmaker was attractive to France's PSA Group given its exposure to the U.S. market and its popular Jeep brand. The Detroit News' headline on the situation Friday read, "Fiat Chrysler CEO open to a deal as PSA circles" and stated that Manley's open-to-just-about-anything comments were aimed directly at PSA.

Bloomberg said talks between the two were preliminary and said PSA chief Carlos Tavares has also contemplated mergers with General Motors or Jaguar Land Rover, which is losing money for Indian owner Tata. PSA has enjoyed a decade of turnaround and has $10.2 billion in net cash available. The maker of Peugeot, Citroen and DS, acquired Opel and Vauxhall in 2017 and made them almost instantly profitable.


Manley, who took over after the death of Sergio Marchionne, said he currently had no news on possible deals.


Manley also said the world's seventh-largest carmaker, which is lagging rivals in developing hybrid and electric vehicles, would take the least costly approach to comply with increasingly more stringent European emissions regulations.


"There are three options. You can sell enough electrified vehicles to balance your fleet. Two: You can be part of a pooling scheme. Three is to pay the fines," he said.
"I don't see a scenario when (carmakers) continue to subsidize technologies ... indefinitely."


The carmaker had said last June it would invest 9 billion euros ($10.19 billion) over the next five years to introduce hybrid and electric cars across all regions to be fully compliant with emissions regulations.


Asked about a 5-billion-euro investment plan for Italy FCA announced in November but then put under review, Manley said the plan had been confirmed as originally presented.
The plan was examined earlier this year after Rome approved new taxes on the purchase of larger gasoline and diesel cars.
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Unread 2019-03-21, 06:24 PM   #18
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Peugeot May Be Interested in a Merger with Fiat Chrysler






Talks of a possible partnership or even merger between Peugeot and Fiat Chrysleraboundafter a French newspaper interviewed PSA Peugeot-Citroën executive Robert Peugeot, who implied that Fiat Chrysler might make for a suitable partner for the French automaker.
We learned earlier this year that French automaker PSA Peugeot-Citroën Group is quite keen on re-entering the U.S. market, and a Bloomberg story from earlier this month cites “people familiar with the matter” as claiming that the company may be interested in working with Fiat Chrysler, GM, and Jaguar Land Rover. Per Bloomberg:
Fiat Chrysler Automobiles NV is attractive to PSA for its exposure to the U.S. and its premium Jeep brand, but [PSA CEO Carlos] Tavares also sees General Motors Co. as a good fit and Jaguar Land Rover as a possibility, the people said, while cautioning that such deals would be difficult to reach.


Now there’s a new story out from French daily newspaper Les Echos, which spoke with Robert Peugeot, CEO of the family holding company, FFP. Peugeot told the news site that his company may be looking at other opportunities similar to its acquisition of Opel (translated from French, and referring to CEO Carlos Tavares):
“We supported the Opel project from the start. If another opportunity arises, we will not stop. Carlos knows it,” says Robert Peugeot.

Then came the part about FCA:
Among the targets or potential allies, we would of course find Jaguar Land Rover and General Motors, but especially Fiat Chrysler, speculate observers. Moreover, PSA and FCA are discussing at the highest level of the future of their association in commercial vehicles - or even other topics of partnerships. “With them, as with others, the planets could be aligned,” says Robert Peugeot.




The news story makes it clear that the quote above refers to a possible “merger and acquisition project.” Reutersnotes that, after this Les Echos story dropped, FCA and Peugeot shares jumped 5.2 percent and 2.7 percent, respectively, by 10:50 GMT.
That Reuters story also notes that, earlier this month, Fiat Chrysler CEO Mike Manley said his company was open to certain alliances and mergers. Presumably, that’s a reference to this quote from the Geneva Motor Show. From Autoblog:
“We have a strong independent future, but if there is a partnership, a relationship or a merger which strengthens that future, I will look at that,” Manley told reporters at the Geneva Motor Show.



Manley’s statement doesn’t really mean a whole lot, since it’s basically a CEO stating that he’ll do what it takes to maximize a company’s profits—literally his fiduciary duty. Still, that’s really all we have on the topic right now—Peugeot and FCA seem like they’re open to some sort of partnership. The former wants in on the U.S. market (which is a hell of a tall order considering its lack of a dealer network, lack of brand identity, and pathetic performance in the U.S. in the 1980s and early 1990s), and the latter could probably use some help with electrification.
In a way, then, it could make sense. Fiat Chrysler has a strong presence in the U.S., and PSA sells lots of small cars and may also be able to provide something to FCA in terms of meeting European emissions standards (particularly through electrification), especially at a time when other automakers are looking to partnerships as ways to reduce the investments associated with EVs.
Speaking of electrification, the previously-mentioned Bloomberg story quotes PSA’s CEO as saying his company is in a good spot in that area:
“We think we are in a good position both in terms of running the operations and also in terms of strategic vision” with regard to electrification, autonomous driving and mobility, Tavares said on Feb. 26. “We have done our homework, and we think we are on the right path.”




Of course, he would say that, but still: I can see FCA and PSA each having something that the other might benefit from. Whether that will translate into a full-blown merger, just some sort of strategic partnership, or nothing at all, we’ll have to wait and see. But one thing’s certain: as the world shifts to electrification, we can expect to see more and more exciting collaborations.
We’ve reached out to FCA and PSA to learn more, and will update the story when we hear back.
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Unread 2019-03-25, 04:15 PM   #19
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Fiat Chrysler Allegedly Rejects PSA’s Merger Advances










After the PSA Group approached Fiat Chrysler Automobiles this year with regards to a possible merger, the Italian-American automaker rejected the offer, as per the Wall Street Journal, citing sources familiar with the matter.

According to the report, executives at the two companies are no longer talking about teaming up, with FCA being against the idea of increasing its exposure to Europe’s mature market, while the Agnelli family, which holds a controlling stake in the company, doesn’t want a transaction financed with PSA stock.
This means that a successful PSA offer would probably have to use equity in order to keep debt under control, seen as how the automaker has yet to fully process its acquisition of GM’s European business, reports Autonews Europe.
Still, FCA CEO Mike Manley told reporters in Geneva this month that he’s not opposed to a deal that would make his company stronger.
“I want to find areas where cooperation – whether it is partnerships, whether it’s joint ventures or whether it is deeper levels of equity cooperation that makes sense for us and whoever that is – [will] give better vehicles to our customers and a better return to our shareholders.”
Meanwhile, Richard Hilgert, a senior equity analyst at Morningstar, said that from a volume perspective, it would make sense for FCA and PSA to combine forces, as together they would produce nearly 9 million cars per year, giving them the power to compete with the VW Group, Toyota and the Renault-Nissan-Mitsubishi alliance.
A merger could also help PSA’s Peugeot brand to work alongside an “established set of dealers” once they return to North America, added Hilgert.
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Unread 2019-04-01, 07:44 PM   #20
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FCA And PSA Rumored To Be Discussing A Joint “Super Platform”








Fiat Chrysler Automobiles has reportedly rebuffed PSA’s merger advances, but it appears the two companies could still be holding talks.

According to Bloomberg, the automakers are exploring a potential partnership to create a so-called “super platform.” Little is known about the proposed architecture, but it appears the platform would be designed with the European market in mind.
A lot of details remain unconfirmed, but it’s believed the joint effort would lower development costs. The new platform could also give FCA a chance to revive its struggling European lineup.

One person familiar with the talks told Bloomberg the discussions could be officially announced by the end of the first half of the year. If the talks are successful, insiders believe the scope of the partnership could expanded in the future. There’s no word on specifics, but people told the publication the tie-up would likely involve joint investments in new electric vehicles.
Last month, reports surfaced that PSA was exploring collaborations or mergers with several automakers. PSA CEO Carlos Tavares was said to be particularly interested in a partnership with either FCA or General Motors.
FCA CEO Mike Manley hinted he was open to the possibility of a partnership as he used to the Geneva Motor Show to say he would look at “any deal that would make Fiat stronger.” Despite this, reports surfaced last week that FCA ruled out the possibility of a merger as the automaker didn’t want to increase its expose in Europe – among other things.
Given this rumored reluctance, it seems odd that FCA would now be interested in a European focused joint platform. However, only time will tell if the rumors pan out.
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Unread 2019-05-28, 01:50 PM   #21
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Possible Renault-FCA Merger Could Spell Trouble For Nissan












Even though it’s unknown whether or not Renault will even further entertain negotiations with FCA regarding a proposed 50-50 merger, such a deal going through could potentially spell trouble for Nissan.

The Japanese automaker repeatedly pushed back against Renault’s efforts to tighten up their alliance, and if the latter was to accept a 50-50 split with Fiat Chrysler Automobiles, it could marginalize Nissan as far as certain markets are concerned.
Take for example the United States, where FCA is much stronger than Nissan when it comes to the light trucks segment, despite Nissan investing a lot in redesigning its Titan full-sized pickup. Meanwhile, FCA’s RAM pickup recently surpassed the Chevy Silverado to become the 2nd best-selling light truck and 2nd best-selling overall vehicle in the U.S.
Another issue would be that a united Renault-FCA could weaken Nissan’s bargaining power if the carmaker ever decides it wishes to renegotiate its current status.
Also, the new company’s structure would dilute Nissan’s managerial leverage with 11 total board members of which only one would represent the Japanese brand, as reported by Autonews Europe.
Also read: Renault Will Decide Next Week Whether It Will Pursue FCA Merger Talks
“It shows that Nissan isn’t the only date in town,” said Christopher Richter, a senior automotive analyst with CLSA Asia-Pacific Markets. “Having been spurned a couple times, Renault is looking around for a new partner. This changes the dynamic for Nissan in several ways.”
While both Nissan and Mitsubishi could expect to earn an additional 1 billion euros thanks to the addition of FCA, the latter only mentioned the two briefly in its description of the deal.
“FCA looks forward – as part of a combined enterprise with Groupe Renault – to working with Groupe Renault’s Alliance partner companies on ways to create additional value for all Alliance members,” stated Fiat Chrysler. “FCA recognizes the standing and achievements of Groupe Renault’s partners and sees significant expected benefits to all parties from the expanded partnership.”
Still, two areas where Nissan could maintain its status within a revamped alliance would be with electrified vehicles and autonomous driving – none of which are strong suites for FCA at the moment.
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Unread 2019-05-28, 01:50 PM   #22
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Renault Will Decide Next Week Whether It’ll Pursue FCA Merger Talks








Renault is set to decide next week whether or not it will proceed with talks about a merger with Fiat Chrysler Automobiles.

Sources familiar with the issue told Reuters that Renault’s board members will meet informally for work sessions within the coming days and decide early next week if they want to further explore merging with FCA. If the French automaker decides to go ahead, it will likely sign a non-binding agreement with FCA to proceed with its proposal to negotiate a full merger.
FCA formally proposed a 50/50 merger with Renault on Monday that would be operated via a Dutch holding company and would also give a 14.5 per cent stake to Exor, the listed holding company owned by the Agnelli/Elkann family.
In its announcement regarding the merger, Fiat Chrysler said that bringing the two groups together would create the world’s third largest car manufacturer with approximately 8.7 million annual vehicle sales.
Also Read: FCA Seeking $160 Million In Tax Incentives From Detroit Factory Expansion
“Combining the businesses will bring together complementary strengths. The combination would create a brand portfolio that would provide full market coverage with a presence in all key segments from luxury/premium brands, such as Maserati and Alfa Romeo, to the strong access brands of Dacia and Lada, and would include the well-known Fiat, Renault, Jeep and Ram brands as well as commercial vehicles,” FCA said.
On its part, Renault issued a brief statement yesterday confirming that a proposal was indeed on the table.
“After careful review of the terms of FCA’s friendly proposal, the Board of Directors decided to study with interest the opportunity of such a business combination, comforting Groupe Renault’s manufacturing footprint and creating additional value for the Alliance.”
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Unread 2019-05-28, 04:54 PM   #23
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IDK about this merger. What will happen to Chrysler/Dodge?
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Unread 2019-05-29, 12:21 PM   #24
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Nissan tells Renault it is 'not opposed' to Fiat Chrysler merger plan

'Many details need to be worked out' before Nissan solidifies its position




<img class="img-responsive lazy" data-original="https://o.aolcdn.com/images/dims3/GLOB/crop/4940x2781+0+272/resize/800x450!/format/jpg/quality/85/https://s.yimg.com/os/creatr-images/2019-05/534a2510-820b-11e9-ae3d-b7c1cacaf783">
TOKYO – Nissan on Wednesday told Renault it wasn't opposed to its partner's potential $35 billion merger with Fiat Chrysler, the Nikkei newspaper said, as the two met to hash out the future of their alliance amid a deal that could upend the auto industry.
The leaders of Nissan Motor Co, France's Renault SA and junior partner Mitsubishi Motors Corp gathered at Nissan's headquarters in Yokohama for a scheduled alliance meeting - one overshadowed by Fiat Chrysler's proposal this week for a merger-of-equals with Renault.
The plan, which would create the world's third-largest automaker, raises difficult questions about how Nissan would fit into a radically changed alliance. Renault Chairman Jean-Dominique Senard arrived in Japan on Tuesday to discuss the proposed tie-up with Nissan, 43.4% owned by the French automaker.
"We are not opposed," the Nikkei quoted an unnamed Nissan source who had attended the meeting as saying. The person also said "many details need to be worked out" before the Japanese automaker solidifies its position on the issue, the Nikkei reported.
In a statement, the alliance members confirmed that they had "an open and transparent discussion" on the proposal. The deal looks designed to tackle the costs of far-reaching technological and regulatory changes, including the drive toward electric vehicles.
Nissan, which has rebuffed overtures by Renault for a merger of their own despite their 20-year alliance, was blindsided by the discussions, sources have told Reuters, stoking concerns that a deal with Fiat Chrysler could weaken Nissan's relations with Renault.
The tie-up also poses an additional challenge for Nissan CEO Hiroto Saikawa, already grappling with poor financial performance and an uneasy relationship with Renault after Nissan led the ousting last year of long-standing alliance chairman Carlos Ghosn.
There have long been tensions between Nissan and Renault over the imbalance of power in their alliance. Nissan, the bigger company, holds a 15% non-voting stake in the French automaker, while Renault owns 43.4% of Nissan.
Ahead of Wednesday's meeting, Japanese media quoted Saikawa as telling reporters that he would look at the potential opportunities afforded by a Renault-FCA merger.
Credit ratings agency Moody's said it was vital for Nissan to stabilize its partnership with Renault to expand operational synergies and improve margins.
"It is unclear if the Nissan-Renault-Mitsubishi Motors alliance can advance their cooperation without resolving the cross-shareholding issue, which has been source of contention," Moody's said in the report, which followed a cut to Nissan's credit rating last week. (Reporting by Naomi Tajitsu; Editing by David Dolan and Christopher Cushing)
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Unread 2019-05-29, 12:24 PM   #25
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How Renault, Fiat Chrysler, and yes, Nissan, could save through sharing

What's in it for each of the potential merger partners


If French automaker Renault green-lights a proposed merger with Fiat Chrysler Automobiles, the companies almost immediately could begin saving money by consolidating components and basic structures on many of their most popular vehicles, an industry analyst said on Tuesday.
The synergies could multiply if they invite Japanese automaker Nissan, currently Renault's alliance partner, to join the merger, according to a former Renault and Nissan executive.
Renault and Italian-American rival Fiat Chrysler Automobiles are in talks to tackle the costs of far-reaching technological and regulatory changes by creating the world's third-biggest automaker.
A Renault-Fiat Chrysler combination "would mean a greater sharing of parts (which) could really boost the profitability of Fiat Chrysler's smaller vehicles," said Sam Fiorani, vice president, AutoForecast Solutions.
Building similar models on a common vehicle architecture, Fiorani said, "would give both companies a lot more freedom in manufacturing. They could mix brands and vehicle sizes on the same assembly line, switch vehicles between plants to balance production, and even shift production from one country to another, depending on changes in demand, tariffs or other considerations."
Fiorani said Fiat Chrysler could benefit from sharing the French automaker's expertise in electric vehicles and powertrains, where Renault and Nissan have jointly invested more than $5 billion. These are areas in which Fiat Chrysler has little in the way of components or intellectual property.
Another sector that is ripe for consolidation is light commercial vehicles, where Renault and Fiat Chrysler could build a variety of vans in several sizes on common platforms that could be assembled and sold in global markets.
Ford Motor Co and Volkswagen AG began their alliance discussions a year ago by focusing on potential collaboration in light commercial vehicles.

Getting Nissan's blessing

Fiorani said Renault's CMF architecture, which was jointly developed with Nissan and underpins many of Renault's passenger cars and crossovers, could be used by Fiat Chrysler on a wide variety of vehicles. As an example, he said the CMF could provide a new single foundation for at least five Jeep models, including the Renegade, Compass and Cherokee, which now are based on four different platforms.
A hurdle to implementing the merger is all the intellectual property — including the CMF vehicle architecture — that is shared between Renault and Nissan, said Patrick Pelata, a veteran of the two automakers' alliance who was formerly Renault's chief operating officer.
"They will need Nissan's agreement for it to be used by Fiat Chrysler," Pelata told BFM radio on Tuesday. "Nobody's talking about that right now, but it's an important subject."
Renault would not likely be interested in sharing Fiat Chrysler's body-on-frame platforms, which underpin the automaker's big pickups and SUVs in North America, Fiorani said.
"But if Nissan is invited to join the merger, that could open up new possibilities," he said. "Nissan could use Fiat Chrysler's full-size truck platform for its next-generation Titan and Armada, while Fiat Chrysler could use Nissan's mid-size truck platform for the next-generation Dakota and Durango."
Fiorani said it likely would take at least two years after a Renault-Fiat Chrysler merger is approved before the arrival of the first new vehicles built on shared architectures.
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