Jump to content
News
Reviews
Discussons
Activity
Create New...
Close

Fiat News: Marchionne Tries Another Way To Get GM, Looks To Alternatives

William Maley

By William Maley
in Fiat

 Share

Recommended Posts

William Maley Enthusiast

William Maley

Posted
Posted

FCA CEO Sergio Marchionne is quite serious on this consolidation of the automotive industry. Last month, it was reported that Marchionne emailed General Motors CEO Mary Barra about a possible tie up and wanting to meet back in March. Barra rejected this idea outright. But this isn't stopping Marchionne.

 

The Wall Street Journal reports Marchionne is turning to activist investors to compel GM into this idea. There is prescient for this idea as earlier in the year, a group of investors approached GM to buy back $8 billion of their stock. Through negotiation, GM agreed to buy back $5 billion of stock.

 

The other prescient goes back to 2006 when Nissan CEO Carlos Ghosn teamed up with activist investor Kirk Kerkorian to have GM join the alliance with Nissan and Renault. After weeks of discussion, GM declined to join.

 

If this idea goes no where, Marchionne has a Plan B. Bloomberg has learned from sources that there is a fallback option where Marchionne could talk to other automakers. Such automakers include Volkswagen, Mazda, and PSA Peugeot-Citroen.

 

Source: The Wall Street Journal (Subscription Required), Bloomberg


View full article

Link to comment
Share on other sites
Cmicasa the Great Rookie

Cmicasa the Great

Posted
Posted

far as I kno VW, Ford, and even PSA have already said they don't want to with FCA. Hell Carlos Ghosn said he was good going it without Sergio. As I said yesterday.. I wouldn't mind GM snagging Jeep, finally giving it the reliable drive line it needs and GM an established Off-Road vehicle WITHIN GMC.. but thats about it,.

Link to comment
Share on other sites
G. David Felt Grand Master

G. David Felt

Posted
Posted

This is sad as it sounds like he is desperate to find a partner knowing FCA has limited time before Bankruptcy happens.

 

Gut tells me an ugly change will happen in the next 12-18 months with FCA.

Link to comment
Share on other sites
aurora97 Newbie

aurora97

Posted
Posted

GM got rid of Oldsmobile, Pontiac, Saturn, Hummer, and Saab in the six years before filing bankruptcy.

 

Now FCA wants to merge with GM.  If ANY deal goes through, then how will the brands be positioned?

 

Chrysler = Oldsmobile?

Dodge = Pontiac?

Jeep = Hummer?

Fiat = Saturn?

Alfa Romeo = Saab?

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
Reply to this topic...

×   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.

×
 Share
Go to topic listing


×
×
  • 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

I've whitelisted
Continue without support

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