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FCA Extraordinary Shareholder Meeting and Q4+Full Year U.S. Sales Thread: Jan 4th 2021

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AlexB

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Happy 2021! Lets all hope for a better year for the entire globe.
Big Monday is ahead of us:
A. to approve that FCA will merge with PSA, in accordance with the Merger Proposal, by means of a cross-border legal merger in which PSA will be the disappearing entity and FCA will be the surviving entity;
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B. to waive the setting up of and negotiation with the special negotiating body as referred to in Section 2:333k subsection 12 of the DCC and to be subject to the standard rules for employee participation on the Board of Directors as applied under Dutch Law and as reflected in the Combined Company's Articles of Association; Amendments to the Articles of Association
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C. to amend the Articles of Association to allow for the issuance and allotment of the New FCA Common Shares in connection with the Merger, with effect as of the Effective Time;
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D. to amend the Articles of Association to implement the governance of the Combined Company with effect as of the Governance Effective Time, including, without limitation (i) the authorisation of the Board of Directors to issue shares and limit or exclude pre-emptive rights, (ii) the creation of an option right for the SVS Foundation and (iii) the conversion of currently issued Special Voting Shares into Class B Special Voting Shares
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FCA_Shareholders_Circular.pdf (fcagroup.com)
2_FCA_Board_Report.pdf (fcagroup.com)
the illustrative present value of future share price analysis (the ''IPVFSP Analysis'')future value of a company’s equity as a function of such company’s estimated future earnings and financial multiples. The IPVFSP Analysis per FCA Common Share was performed both for FCA on a standalone basis and pro forma for the Combined Group. The pro-forma IPVFSP Analysis for the Combined Group was performed assuming three different scenarios: no synergies; phased synergies (taking into account only a portion of the synergies potentially realizable from the Combination, based on a schedule prepared by the management of FCA); and run-rate synergies. 5.7 The IPVFSP Analysis indicated: (A) for FCA on a standalone basis, a range of illustrative implied present values per FCA Common Share, rounded to the nearest Euro, of €17 to €26; (B) for the pro forma Combined Group: (i) in the no synergies analysis, a range of illustrative implied equity values per FCA Common Share, rounded to the nearest Euro, of €20 to €27; (ii) in the phased synergies analysis, a range of illustrative implied equity values per FCA Common Share, rounded to the nearest Euro, of €21 to €29; and (iii) in the run-rate synergies analysis, a range of illustrative implied equity values per FCA Common Share, rounded to the nearest Euro, of €23 to €32.
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2_FCA_Board_Report.pdf (fcagroup.com)

Notice is hereby given that the extraordinary general meeting of shareholders (the ''EGM'') of Fiat Chrysler Automobiles N.V. (the ''Company'' or ''FCA'') is to be virtually held on Monday January 4, 2021, beginning at 2:30 p.m. CET. The EGM can be followed via a live webcast that will be available on the Company's website (www.fcagroup.com). Votes can only be cast in advance of the EGM as further set out in this convocation notice. The language of the meeting shall be English. The EGM is convened to discuss and decide on the agenda reflected below.
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1_Notice_of_the_Extraordinary_General_Meeting.pdf (fcagroup.com)
2:30 PM Central European Time
8:30 AM EST U.S.

Also FCA U.S Q4 sales come out: Where U.S. Auto market been performing, did RAM beat Chevy again...........soo many questions......
But kick off the first Monday of 2021 Here!
Happy New Year to all!

EDIT(January 5,2021) FOR FCA U.S. Sales (LATE RELEASE)
FCA US Q4 Sales: 499,431 (Q4 2020) VS 542,519(Q4 2019)

Compass :30,160(Q4 2020) 33,263(Q4 2019) -9% ,107,969(2020) 143,934(2019) -25%
Patriot: 1(Q4 2020) 6(Q4 2019) -83%, 3(2020) 27(2019) -89%
Wrangler: 51,109(Q4 2020) 52,012(Q4 2019) -2%, 201,311(2020) 228,032(2019) -12%
Gladiator: 20,552(Q4 2020) 16,663(Q4 2019) 23%, 77,542(2020) 40,047(2019) 94%
Cherokee: 37,936(Q4 2020) 42,048(Q4 2019) -10%, 135,855(2020) 191,397(2019) -29%
Grand Cherokee: 56,930(Q4 2020) 57,929(Q4 2019) -2%, 209,786(2020) 242,969(2019) -14%
Renegade: 17,027(Q4 2020) 19,615(Q4 2019) -13%, 62,847(2020) 76,885(2019) -18%
JEEP BRAND: 213,715(Q4 2020) 221,536(Q4 2019) -4%, 795,313(2020) 923,291(2019) -14%
More here: https://s3.amazonaws.com/chryslerme.../FCAQ42020Salesu6vema21i7nvrbmcga1mqtkvpa.pdf
 
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RAM 700 spot looks pretty cool.
 
@AlexB

You mean Fiat Strada?

Yes, it's selling it extremely high level. Fiat had nailed it.
 
I say the deal could close on the 16th.
 
Bili said:
@AlexB

You mean Fiat Strada?

Yes, it's selling it extremely high level. Fiat had nailed it.
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Yes Strada is a grand slam, .........however the video the Company played was for it as RAM 700.
 
We are now at standby as

Here's John Elkann.
 
John discussing the founding of Fiat, and the last 10 years .
 
''Stellantis is the union of two likeminded Companies.''
 
The show is a little bit boring now. Is he reading the whole paperwork? I'm watching without sound… 😜
 
pumadog said:
The show is a little bit boring now. Is he reading the whole paperwork? I'm watching without sound… 😜
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FCA legal structure is very complex.
Now its Manley.
 
AlexB said:
John thanks Manley.
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Of course that he needs to do it. Manley was behind PSA merger idea, not John.

John and especially late Sergio always refused to merge with PSA. As we know merger offering was on the table since around 2014. PSA merger.
 
Manley : ''Stellantis will operate in all key segments''.

Joint work streams..
The Savings
40%; Product development
35%: purchasing savings
7%: SG&
The rest is other areas.
 
Some press reported that PSA technically buys FCA. So I guess it's all finance-technical voodoo anyway.
 
John Elkann ''Me and Carlos will have a 5-year term''.
 
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