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Showing results for tags 'Partner'.
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Mitsubishi hasn't had the best of luck of trying to find a partner. Back in February, we learned that talks between it and Renault had fallen apart for a new midsize sedan. Mitsubishi shelved those plans and reportedly began talks with Nissan. We also learned that Mitsubishi moved up the replacement for the Lancer. Now Mitsubishi has begun working on the Lancer replacement in-house while it still looks for a partner. “We are talking with a potential partner at this time, (but) at the same time we’re doing an internal design of the vehicle. We’re running parallel because we cannot wait any longer to see if a partnership will work out. If it falls through then we’re another year behind,” said Don Swearingen, executive vice president of Mitsubishi Motors North America to Wards Auto. Swearingen confirmed that Mitsubishi is still in talks with an automaker - many believe to be Nissan. Even if a deal is reached, Swearingen says the model is still 18 to 2 years out. Additionally, Swearingen confirmed the a midsize sedan from Mitsubishi isn't happening. “We’ve made the decision that D-segment will not work for us in the U.S. When you do the financial analysis and you look at the amount of money (needed) for advertising (and the amount) most of our competitors are spending on incentives, it doesn’t pencil out to do a partnership.” Source: Wards Auto -
Mitsubishi hasn't had the best of luck of trying to find a partner. Back in February, we learned that talks between it and Renault had fallen apart for a new midsize sedan. Mitsubishi shelved those plans and reportedly began talks with Nissan. We also learned that Mitsubishi moved up the replacement for the Lancer. Now Mitsubishi has begun working on the Lancer replacement in-house while it still looks for a partner. “We are talking with a potential partner at this time, (but) at the same time we’re doing an internal design of the vehicle. We’re running parallel because we cannot wait any longer to see if a partnership will work out. If it falls through then we’re another year behind,” said Don Swearingen, executive vice president of Mitsubishi Motors North America to Wards Auto. Swearingen confirmed that Mitsubishi is still in talks with an automaker - many believe to be Nissan. Even if a deal is reached, Swearingen says the model is still 18 to 2 years out. Additionally, Swearingen confirmed the a midsize sedan from Mitsubishi isn't happening. “We’ve made the decision that D-segment will not work for us in the U.S. When you do the financial analysis and you look at the amount of money (needed) for advertising (and the amount) most of our competitors are spending on incentives, it doesn’t pencil out to do a partnership.” Source: Wards Auto View full article
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Sergio Marchionne is planning on stepping down as head of Fiat Chrysler Automobiles in 2018. But before he says good-bye, he wants to do one more big deal to help plug up holes in FCA and expand into other markets. Reuters reports that Marchionne has been putting out feelers for the past year to try and jumpstart consolidation in the industry to help share costs and bring out new technologies. But an alliance would help FCA as they have one the largest piles of debt in the industry, along with a number of other problems such as an over-reliance on a North American market and missing a good amount of the Asian marketplace. "The U.S. is where FCA is focusing now. Marchionne is doing a lot of work on his last deal and something will happen before 2018." said a source to Reuters. Several sources say Marchionne and the Agnelli family - the founders of Fiat - have their eyes on General Motors as they have a strong presence in both the U.S. and Asia. Also, GM wants to get back on the right track in Europe after the mess with PSA Peugeot Citroen went no where. But a source at a U.S. bank says GM isn't interested. This isn't the first time that FCA has put feelers out. Last year, there were reports of FCA speaking with both PSA Peugeot Citroen and Volkswagen. These reports were denied. Source: Reuters -
Sergio Marchionne is planning on stepping down as head of Fiat Chrysler Automobiles in 2018. But before he says good-bye, he wants to do one more big deal to help plug up holes in FCA and expand into other markets. Reuters reports that Marchionne has been putting out feelers for the past year to try and jumpstart consolidation in the industry to help share costs and bring out new technologies. But an alliance would help FCA as they have one the largest piles of debt in the industry, along with a number of other problems such as an over-reliance on a North American market and missing a good amount of the Asian marketplace. "The U.S. is where FCA is focusing now. Marchionne is doing a lot of work on his last deal and something will happen before 2018." said a source to Reuters. Several sources say Marchionne and the Agnelli family - the founders of Fiat - have their eyes on General Motors as they have a strong presence in both the U.S. and Asia. Also, GM wants to get back on the right track in Europe after the mess with PSA Peugeot Citroen went no where. But a source at a U.S. bank says GM isn't interested. This isn't the first time that FCA has put feelers out. Last year, there were reports of FCA speaking with both PSA Peugeot Citroen and Volkswagen. These reports were denied. Source: Reuters View full article
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William Maley Staff Writer - CheersandGears.com June 25, 2012 Volvo looks to joining its compatriots in Germany, South Korea, and Japan with building vehicles in North America. In a interview with Bloomberg, Volvo CEO Stefan Jacoby said they're looking for a partner to manufacture cars in North America. "In the medium term, five to six years, we need to find a proper solution in North America. Building a plant ourselves is maybe more unlikely. I’m looking for a partner that could help us utilize a North American plant," As to who, Jacoby said they are open to all manufacturers, even Fiat. "Fiat is obviously one of the alternatives. If you speak to Marchionne, just tell him to call me" Jacoby said. Source: Bloomberg William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] or you can follow him on twitter at @realmudmonster. View full article
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William Maley Staff Writer - CheersandGears.com June 25, 2012 Volvo looks to joining its compatriots in Germany, South Korea, and Japan with building vehicles in North America. In a interview with Bloomberg, Volvo CEO Stefan Jacoby said they're looking for a partner to manufacture cars in North America. "In the medium term, five to six years, we need to find a proper solution in North America. Building a plant ourselves is maybe more unlikely. I’m looking for a partner that could help us utilize a North American plant," As to who, Jacoby said they are open to all manufacturers, even Fiat. "Fiat is obviously one of the alternatives. If you speak to Marchionne, just tell him to call me" Jacoby said. Source: Bloomberg William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] or you can follow him on twitter at @realmudmonster.
