Wyden claims in interview that FCA moving towards moving the Italian units to PSA.

[AlexB]

Couple of weeks ago this hedge fund manager called Adam Wyden (son of a U.S. Senator Ron Wyden) made a letter to John Elkann calling for FCA-GM merger ("JEEPRAM"), and If GM rejected to play ball team up with a GM Shareholder to fire Mary Barra as Chairman & CEO follow by selling the Italian Units to PSA.

:https://moparinsiders.com/community...ger-sell-italian-units-to-psa.1096/#post-4672

Now Wyden is back this time talking to the Italian media claiming FCA moving towards a deal with PSA over the Italian Units:

"I have not had any answers to my letter and I do not necessarily wait for them. But actions are more important than words and I find it encouraging that the leaders of FCA are moving today on the path of continuous change and creation of value, as demonstrated by the hypotheses circulating about the cessions of Comau robotics after Magneti Marelli, plants and models that produce, spin off of Fiat. My purpose was to highlight that the company is underestimated, in my opinion, quite a lot. And discuss some ideas to better discuss their peers in the sector. I believe that the path towards a new consolidation is always more meaningful

Once again for matters sake, because of stock structure of FCA (like Ford), outsides shareholders basically have no power it comes down to what John Elkann what's to do.

Wyden also called Mary Barra & GM Management "ineffective".
https://www.ilsole24ore.com/art/fin...wyden-190246.shtml?uuid=AEY2xaqG&refresh_ce=1

 

[Muther]

He’s a soul-less hedge fund manager. The only thing that matters to these idiots is money, and how much of it they can amass.

Listening to them is like listening to that little devil on your shoulder—extremely satisfying in the short term, extremely costly in the long term.

So far, John Elkann, the Sergio (rip), and now Manley have done good things. I trust them, not some silver spooned baboon who got rich clawing the backs of others.