FCA "Bold and creative" future

[Mopar426]

Sounds like they are trying to sell it

Fiat Chrysler ready for bold action to build solid future, Elkann says

Fiat Chrysler Chairman John Elkann said he was ready for bold and creative decisions to help build a solid and attractive future for the carmaker.

www.autonews.com

 

[AlexB]

Sounds like they are trying to sell it

Fiat Chrysler ready for bold action to build solid future, Elkann says

Fiat Chrysler Chairman John Elkann said he was ready for bold and creative decisions to help build a solid and attractive future for the carmaker.

www.autonews.com

Not necessary a sell, but rather a stock takeover of "GM" .
BTW,both Manley and John mention that North America (the "Chrysler" business) will be up in 2019 and therefore FCA's overall profitable will be up vs 2018.

 

[Mopar426]

Not necessary a sell, but rather a stock takeover of "GM" .
BTW,both Manley and John mention that North America (the "Chrysler" business) will be up in 2019 and therefore FCA's overall profitable will be up vs 2018.

If its indeed for sale then anything they say about it is to entice buyers

 

[James.A]

If its indeed for sale then anything they say about it is to entice buyers

A stock takeover "of" or "by" GM?

 

[AlexB]

If its indeed for sale then anything they say about it is to entice buyers

Base on John Elkann's behavior, the Company isn't for sale, hence the French and Chinese rejections by John over the years.

 

[James.A]

Base on John Elkann's behavior, the Company isn't for sale, hence the French and Chinese rejections by John over the years.

The idea of an FCA stock takeover is interesting

 

[AlexB]

[

A stock takeover "of" or "by" GM?

"Of"GM

Based on expectations that shareholders would demand a 35 percent premium to GM’s market capitalisation, FCA would need to pay about $77 billion in an all-stock transaction in the event of a hostile bid, the sources said, adding that GM shareholders would likely demand a substantial payout.

Exclusive: GM and FCA line up financial advisers in merger stand-off

General Motors <GM.N> and Fiat Chrysler Automobiles (FCA) <FCHA.MI> have turned to investment banks for help to deal with a stand-off as FCA seeks to force a merger with its Detroit-based rival, according to sources familiar with the matter.

www.reuters.com

The problem with during such action in 2015 was FCA's financial position. But that is now fixed, and GM's stock price remains stuck despite billions on stock buybacks spent by Mary Barra.

 

[Bili]

Sounds like they are trying to sell it

Fiat Chrysler ready for bold action to build solid future, Elkann says

Fiat Chrysler Chairman John Elkann said he was ready for bold and creative decisions to help build a solid and attractive future for the carmaker.

www.autonews.com

Quite the opposite.

 

[Mopar426]

I don't know here nor there but analysts are saying Exor wants its money - they've built it up over the past 10 years and now want to sell the mass brands and keep Ferrari. I would normally dismiss that but their actions (not words) dictate that the analysts might be correct. Food for thought. A company that is dedicated to a bright future under its own leadership doesn't ignore brands like they have Chrysler, Dodge, Lancia and to some regard Maserati as well.

 

[Mopar426]

Base on John Elkann's behavior, the Company isn't for sale, hence the French and Chinese rejections by John over the years.

Those rejections were because they couldn't come to an agreement, not because it wasn't for sale. IIRC the Chinese only wanted Jeep so that one was a no brainer. The French probably wanted access to their production facilities, dealerships and trademarks or something equally asinine. These companies are making low ball and silly offers because they know FCA is desperate.

 

[James.A]

Business is business I guess. If there's a good deal they'll take it seems. I hope to see the other story come true, FCA buying up GM's stock.

 

[Mopar426]

Business is business I guess. If there's a good deal they'll take it seems. I hope to see the other story come true, FCA buying up GM's stock.

Never, ever, happen.

 

[Jared B]

Business is business I guess. If there's a good deal they'll take it seems. I hope to see the other story come true, FCA buying up GM's stock.

I'm told that was Sergios plan back when they were talking about getting into bed with GM, essentially going for a hostile takeover. Remember, things aren't always as they seem.

 

[Mopar426]

I'm told that was Sergios plan back when they were talking about getting into bed with GM, essentially going for a hostile takeover. Remember, things aren't always as they seem.

IIRC that was wishful hearsay after GM blew him off about merging. I believe Barra responded with something along the lines of "why would we want all FCA'a debt/problems" or something like that.

 

[Bili]

IIRC that was wishful hearsay after GM blew him off about merging. I believe Barra responded with something along the lines of "why would we want all FCA'a debt/problems" or something like that.

FCA is a family controlled business unlike GM and still you believe that FCA is on sale.

OK. You can believe what you want but nothing can lead to such a conclusion. That's something which is pushed by certain investors but FCA always denied such claims.

 

[AlexB]

IIRC that was wishful hearsay after GM blew him off about merging. I believe Barra responded with something along the lines of "why would we want all FCA'a debt/problems" or something like that.

You seems not to understand what "Hostile" means . There's nothing needed to cooperate from Mary as she would likely be fired by "Hostile" means before a deal is signed.
Second, the debt was the reason they (FCA) didn't go down "Hostile" avaenue, but FCA's debt been taken care of.

 

[James.A]

This would create so much hype.

 

[AlexB]

Those rejections were because they couldn't come to an agreement, not because it wasn't for sale. IIRC the Chinese only wanted Jeep so that one was a no brainer. The French probably wanted access to their production facilities, dealerships and trademarks or something equally asinine. These companies are making low ball and silly offers because they know FCA is desperate.

With FCA's stock structure (similar to Ford Motor Company) , when John says no, it is no.
The rest "the Chinese wants blank" is just hogwash.
John doesn't want more mass-mart Europe, and think the Chinese can't get approval.

 

[AlexB]

This would create so much hype.

But with GM closing Lordstown, and Hamtrack FCA can makes promise of new product for those plants getting strong U.S. political support for the deal.
President Trump will trashing Mary on Twitter, while former President Obama been meeting with John in Italy over the past year. So it sets up a a outcome where both Republicans and Democrats will be unfied (outside of some fringes) against GM Management on FCA's behalf.

 

[James.A]

But with GM closing Lordstown, and Hamtrack FCA can makes promise of new product for those plants getting strong U.S. political support for the deal.
President Trump will trashing Mary on Twitter, while former President Obama been meeting with John in Italy over the past year. So it sets up a a outcome where both Republicans and Democrats will be unfied (outside of some fringes) against GM Management on FCA's behalf.

I meant hype in a good way. I hope your scenario happens.