Jump to content
Create New...
  • William Maley
    William Maley

    Marchionne Gives His Merger Plans A Rest, Says Next Deal Could Happen After His Retirement

      FCA's CEO Stops Talking About Mergers, Focuses On the Five-Year Plan

    FCA CEO Sergio Marchionne is giving it a rest when it comes to merger talk. Speaking with Bloomberg, Marchionne says he will focus on growing FCA through 2018. After 2018, Marchionne could retire from the company.

     

    Last year, Marchionne campaigned publicly for a merger of FCA and General Motors. GM's board looked at his proposal in the summer and rejected it. After this, Marchionne backtracked somewhat, saying the merger could generate $30 billion a year in cash.

     

    But now, Marchionne says any chances of a possible GM merge are done.

     

    “I met Mary Barra less than a month ago in Washington. I don’t think I will have another coffee with her. It won’t happen again in the future.”

     

    Of course, the talk of merging with GM must have brought some other companies out of the woodwork? Marchionne explained that he did get proposals, but were deemed not very attractive. He still believes a big merger is possible, but "it will be someone else's duty."

     

    Now with the merger stuff mostly out of his system, Marchionne will focus on finishing the current five-year plan for the company. His overall goal is to increase global deliveries to seven million units a year by 2018. To achieve this, FCA will invest around $52 billion for new products.

     

    Source: Bloomberg


    User Feedback

    Recommended Comments

    So the investment will come from raping the american auto lines and investing in the stupid italian lines that are crap to begin with and should not be resurrected.

     

    In regards to the merger, I am sure Mary told him to pound sand and stop the nonsense. GM has no interest in FCA unless they want to sell Jeep. They might buy Jeep only.

    Link to comment
    Share on other sites

    So the investment will come from raping the american auto lines and investing in the stupid italian lines that are crap to begin with and should not be resurrected.

     

    In regards to the merger, I am sure Mary told him to pound sand and stop the nonsense. GM has no interest in FCA unless they want to sell Jeep. They might buy Jeep only.

     

    I don't think they would even buy Jeep.  They would be better off giving GMC some unique off-road product.  i honestly don't see GM buying anything anytime soon wince that is part of what got them in their previous issue.  Also, the Hummer project didn't exactly turn out all that great.  The whole idea of a merger was ignorant anyway.  they don't need a merger, they have tech and new platforms they just need to put the product where it is needed (Dodge, Ram, Chrysler, and Jeep) and send Fiat back home.  I do think Alfa has a possibility though and it gives them a high end to offer new tech that can trickle down to the rest (ala Cadillac and Chevy). 

    Link to comment
    Share on other sites

     

    So the investment will come from raping the american auto lines and investing in the stupid italian lines that are crap to begin with and should not be resurrected.

     

    In regards to the merger, I am sure Mary told him to pound sand and stop the nonsense. GM has no interest in FCA unless they want to sell Jeep. They might buy Jeep only.

     

    I don't think they would even buy Jeep.  They would be better off giving GMC some unique off-road product.  i honestly don't see GM buying anything anytime soon wince that is part of what got them in their previous issue.  Also, the Hummer project didn't exactly turn out all that great.  The whole idea of a merger was ignorant anyway.  they don't need a merger, they have tech and new platforms they just need to put the product where it is needed (Dodge, Ram, Chrysler, and Jeep) and send Fiat back home.  I do think Alfa has a possibility though and it gives them a high end to offer new tech that can trickle down to the rest (ala Cadillac and Chevy). 

     

     

    Many of us have always felt HUMMER should have been a special package you could put on your GMC. That is the best thing for GM. 

     

    In regards to buying Jeep, Wish I could do a better job at sarcasm. Sorry, the whole jeep thing was a sarcasm comment on my behalf. :P

    Link to comment
    Share on other sites

     

     

    So the investment will come from raping the american auto lines and investing in the stupid italian lines that are crap to begin with and should not be resurrected.

     

    In regards to the merger, I am sure Mary told him to pound sand and stop the nonsense. GM has no interest in FCA unless they want to sell Jeep. They might buy Jeep only.

     

    I don't think they would even buy Jeep.  They would be better off giving GMC some unique off-road product.  i honestly don't see GM buying anything anytime soon wince that is part of what got them in their previous issue.  Also, the Hummer project didn't exactly turn out all that great.  The whole idea of a merger was ignorant anyway.  they don't need a merger, they have tech and new platforms they just need to put the product where it is needed (Dodge, Ram, Chrysler, and Jeep) and send Fiat back home.  I do think Alfa has a possibility though and it gives them a high end to offer new tech that can trickle down to the rest (ala Cadillac and Chevy). 

     

     

    Many of us have always felt HUMMER should have been a special package you could put on your GMC. That is the best thing for GM. 

     

    In regards to buying Jeep, Wish I could do a better job at sarcasm. Sorry, the whole jeep thing was a sarcasm comment on my behalf. :P

     

    Gotcha.  Didn't they do a sweet looking 2 door Hummer concept quite a few years ago that would have made a great Wrangler competitor?

    Hummer_HX_NY.jpg

     

    There it is!  Update that with GMC styling and modern interior and I don't think they could keep them on the lot.

    Link to comment
    Share on other sites

     

    Many of us have always felt HUMMER should have been a special package you could put on your GMC. That is the best thing for GM. 

     

     

     

    In regards to buying Jeep, Wish I could do a better job at sarcasm. Sorry, the whole jeep thing was a sarcasm comment on my behalf. :P

     

    Gotcha.  Didn't they do a sweet looking 2 door Hummer concept quite a few years ago that would have made a great Wrangler competitor?

    Hummer_HX_NY.jpg

     

    There it is!  Update that with GMC styling and modern interior and I don't think they could keep them on the lot.

     

     

    Yup that would be awesome in a GMC grilled tweak and have both a monochrome and Denali package version.

     

    Just think put that little 2.8L Duramax engine in it and you have a winner winner chicken dinner.

    Link to comment
    Share on other sites

     

     

    Many of us have always felt HUMMER should have been a special package you could put on your GMC. That is the best thing for GM. 

     

     

     

    In regards to buying Jeep, Wish I could do a better job at sarcasm. Sorry, the whole jeep thing was a sarcasm comment on my behalf. :P

     

    Gotcha.  Didn't they do a sweet looking 2 door Hummer concept quite a few years ago that would have made a great Wrangler competitor?

    Hummer_HX_NY.jpg

     

    There it is!  Update that with GMC styling and modern interior and I don't think they could keep them on the lot.

     

     

    Yup that would be awesome in a GMC grilled tweak and have both a monochrome and Denali package version.

     

    Just think put that little 2.8L Duramax engine in it and you have a winner winner chicken dinner.

     

    Exactly, they could use the Colorado/Canyon platform and give it all the goodies of the ZR2 concept.  Maybe pricey, but I have no doubt they would sell everone they could make.

    Link to comment
    Share on other sites



    Join the conversation

    You can post now and register later. If you have an account, sign in now to post with your account.
    Note: Your post will require moderator approval before it will be visible.

    Guest
    Add a comment...

    ×   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.


  • google-news-icon.png



  • google-news-icon.png

  • Subscribe to Cheers & Gears

    Cheers and Gears Logo

    Since 2001 we've brought you real content and honest opinions, not AI-generated stuff with no feeling or opinions influenced by the manufacturers.

    Please consider subscribing. Subscriptions can be as little as $1.75 a month, and a paid subscription drops most ads.*
     

    You can view subscription options here.

    *a very limited number of ads contain special coupon deals for our members and will show

  • Similar Content

  • Posts

    • Those that cannot accept a multi-cultural world and immigration deserve to lose everything. I will stay professional, but believe that our North American Economy is about to get far worse over the long term than it is now. It is amazing how people do not seem to realize that the first two years of a new president is dealing with the ramifications of the last president. The high inflation was due to the failed policies of those before. We now have low unemployment and a strong economy. Will be interesting to see how it ends.
    • I say, let it get worse.  The people have spoken and this is what the MAJORITY voted for.  He even got the popular vote.  Therefore the people of America have spoken.   This is what they want.  This is what they feel comfortable with.   But I dont want to hear ANY whining from ANYBODY about what possibly may happen with him Him in power.  Fool me once,  shame on you!  Fool me twice, shame on me?   Technically this is how that saying goes.  But you never know. Maybe it really IS the lefty libtards that are the problem.   Hopefully it IS the lefty libtards that are the problem and the Messiah Trump will BE the solution to ALL of our problems.   I will be the first one to apologize if He actually does fix America's and Canada's problems.  And unite ALL of the world and the world gets to sing Kumbaya ALL in unison. Hopefully He is the next coming of Christ.   Keeping my fingers crossed but I aint holding my breath if you know what I mean.   
    • @oldshurst442 This pretty much sums up just how bad it is going to get. Trump's economic plans would worsen inflation, experts say | AP News
    • Not just iPhones... He tariffed Canadian wood the first time around as Pres and the prices of wood skyrocketed so American home builders bought American wood which was and is more expensive than Canadian wood.  I guess that is good for American wood producers. But for the fact that house prices also skyrocketed.  And considering that Canada and US have a more or less good trading thing going on...so not that good.  Not for the US and not good for Canada.  But Donald thinks otherwise. And all the folk that voted for him this time around think that the economy will get better?  I hope so for their sake. But Elon and Jeff B's billions rose quite a bit upon the announcement of his re-election.  I wonder if those  people that voted for him, I wonder if their wealth also rose instantly?    You poor bastards... You have no idea what is coming to you... (those that voted for him.  With the excemption of the rich of course)     Donnie Rides Again
  • Who's Online (See full list)

    • There are no registered users currently online
  • My Clubs

×
×
  • Create New...

Hey there, we noticed you're using an ad-blocker. We're a small site that is supported by ads or subscriptions. We rely on these to pay for server costs and vehicle reviews.  Please consider whitelisting us in your ad-blocker, or if you really like what you see, you can pick up one of our subscriptions for just $1.75 a month or $15 a year. It may not seem like a lot, but it goes a long way to help support real, honest content, that isn't generated by an AI bot.

See you out there.

Drew
Editor-in-Chief

Write what you are looking for and press enter or click the search icon to begin your search