The Briefing Room
General Category => Economy/Business => Topic started by: corbe on August 14, 2017, 10:08:58 pm
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Is a Chinese Automaker Buying Detroit’s Fiat Chrysler?
by Paul A. Eisenstein
Is one of Detroit's Big Three for sale to the Chinese?
Fiat Chrysler Automobiles has reportedly rejected an acquisition bid by a Chinese automaker — but a variety of analysts and observers within the auto industry believe it could be just a matter of time before FCA is given an offer it would be willing to accept.
FCA was formed by the merger of Italy’s Fiat and Chrysler shortly after the Detroit carmaker emerged from its 2010 bankruptcy with the help of a massive federal bailout. Over the last several years, however, FCA Chief Executive Sergio Marchionne has made it clear he is looking for another partner and might alternately consider the sale of all or part of his company.
“The only one who would have the money (and reason) to take over Fiat Chrysler Automobiles would be China,” said analyst David Sullivan, of the consulting form AutoPacific. “The Chinese seem more enthralled” with opportunities presented by key FCA brands like Jeep, Sullivan added, “than anyone else.”
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http://www.nbcnews.com/business/autos/chinese-automaker-buying-detroit-s-fiat-chrysler-n792541 (http://www.nbcnews.com/business/autos/chinese-automaker-buying-detroit-s-fiat-chrysler-n792541)
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If they do, hopefully they'll treat it like the Volvo acquisition. Basically, let the original operation run on its own, just funnel more money into it. Volvo still retained all local control and engineering, but their budgets went through the roof.
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Fix
It
Again
To-Ni
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Fix
It
Again
To-Ni
LOL!
That Carpetbagger Italian scum bucket Sergio Marchionne has been looking to sell Chrysler for over 3 years.