Du bist nicht angemeldet.

Navigation

Noch kein Mitglied?

Um alle Funktionen des Forums nutzen zu können, sollten Sie sich registrieren. Heute noch, bevor ein Anderer schneller ist!

Information

Service

Top Foren

 »  7938 Threads / 119043 Posts

 »  5524 Threads / 74346 Posts

 »  5198 Threads / 84341 Posts

 »  5001 Threads / 59762 Posts

 »  3486 Threads / 42209 Posts

Lieber Besucher, herzlich willkommen bei: CarsFromItaly.info. Falls dies dein erster Besuch auf dieser Seite ist, lies bitte die Hilfe durch. Dort wird dir die Bedienung dieser Seite näher erläutert. Darüber hinaus solltest du dich registrieren, um alle Funktionen dieser Seite nutzen zu können. Benutze das Registrierungsformular, um dich zu registrieren oder informiere dich ausführlich über den Registrierungsvorgang. Falls du dich bereits zu einem früheren Zeitpunkt registriert hast, kannst du dich hier anmelden.

schneemann

Suchtbolzen

  • »schneemann« ist der Autor dieses Themas

Beiträge: 3 515

Registrierungsdatum: 22.06.2004

Wohnort: Erfurt

Auto: 198 - 176 - 128AS

  • Private Nachricht senden

1

Sonntag, 1. Juli 2018, 22:21

Hyundai Motor CEO driving Fiat-Chrysler takeover

Hyundai Motor CEO driving Fiat-Chrysler takeover - atimes.com, 01.07.2018

Hyundai Motor Group CEO Chung Mong-koo is waiting for an expected decline in Fiat Chrysler Automobiles shares before launching a takeover bid for the Italo-American automotive group, sources close to the situation said.

The Hyundai bid will be launched sometime between this summer and prior to the Fiat-Chrysler annual shareholders’ meeting in May 2019, when Sergio Marchionne formally steps down as CEO.

The key driver for the Fiat Chrysler Automobiles and Hyundai Motor Group merger will be Elliott Management principal Paul Singer, who is an activist shareholder in Hyundai and major player in Italian equities with the fund’s stake in Telecom Italia and de facto owner of Silvio Berlusconi’s AC Milan soccer club.

Having already amassed a US$1-billion stake in Hyundai, Elliott Management’s Singer has given himself an inside track into FCA by naming Fiat Chrysler CEO (Europe, the Middle East and Africa) Alfredo Altavilla as a board member of Telecom Italia.

Marchionne personally triggered Hyundai’s interest in creating the world’s largest automotive group by using potential interest by China’s Great Wall Motor Co as a stalking horse, sources close to the situation said.

Marchionne’s aggressive pursuit of a merger partner for FCA is due in part to industry overcapacity and pressure on the part of Fiat’s controlling shareholders, the Elkanns and Agnellis. FCA chairman and family patriarch John Elkann is much more interested in the news media space than in automobiles. Elkann recently took over the controlling stake in The Economist Group from Pearson PLC and is a potential bidder for the New York Times Company.

“In fact, John Elkann’s office in London is inside the Economist building,” one source noted.
Notwithstanding carefully choreographed responses during the FCA Capital Day presentation of the company’s five-year plan in Balocco, Italy – there is sharp and serious disagreement between Elkann and Marchionne over who will take over FCA after Marchionne’s departure.

“Marchionne is pushing for [FCA CFO] Richard Palmer, while Elkann wants an industrial CEO to take over such as Altavilla or [Ram/Jeep head] Michael Manley,” an FCA insider said.
However, Fiat Chrysler watchers said they do not believe Elkann has the ability or the desire to run the Fiat Chrysler Automobile empire once Marchionne has left the company. In fact, a mega-merger with Hyundai is a more palatable option for Elkann, who oversees the family’s interest through the financial holding, Exor.

“Elkann is well aware that Fiat Chrysler is going into a perfect storm. Lack of new models, mediocre technology in relation to peers and no real EV [electric vehicle] strategy, all on top of rising oil prices,” the FCA insider said.

Marchionne is uniquely transparent in telegraphing his intentions to the market. His aggressive pursuit of General Motors CEO Mary Barra is meant to show FCA’s determination to find a good merger partner and at the same time illustrates Marchionne’s understated sense of humor and passion for making mischief.

Fiat was only saved from imminent collapse by then-GM CEO Rick Wagoner, who was forced to fork over US$2 billion in cash to Sergio Marchionne to get himself out of a shotgun marriage with Fiat Auto in 2005.

While company insiders say an FCA/Volkswagen merger would make the most sense but such a deal would face impossible opposition in Germany and Italy due to automotive plant closures and questions concerning VW’s willingness to consider such a merger after its internally traumatic diesel-engine scandals in the US and Europe.

Jim Trainor, a Hyundai spokesman in the United States, says the company does not comment on market rumors. HMG, the world’s fifth-largest automotive manufacturer, owns the Hyundai and KIA automotive brands that operate US manufacturing plants in Montgomery, Alabama (Hyundai Santa Fe,, Sonata and Elantra and KIA (Santa Fe, Sorento) in West Point, Georgia.


One source said that Italian-Canadian Marchionne – who is as at home in the Halls of Congress as in the European capitals of Rome, Paris and Berlin – is fully aware that any merger between a Chinese automotive group and FCA would be blocked by US President Donald Trump’s administration through the Committee on Foreign Investment in the United States.

However, the rumors of a potential Chinese buyer served in part to soften White House and Congressional opposition of a merger between FCA and Korea’s Hyundai. Hyundai, unlike its Japanese rival Toyota, is a relative latecomer to the US market and has the most to benefit in taking over the Chrysler distribution network and iconic Jeep brand.

Unlike Volkswagen and GM, Hyundai-FCA poses significantly fewer manufacturing plant and product overlaps both in the United States and Europe. The US-South Korean Free Trade Agreement – on top of closer political-military ties between the United States and South Korea over North Korea’s nuclear proliferation – would make a Hyundai-FCA merger more palatable to the Trump administration.

Skybridge Capital founder and former White House communications director, Anthony Scaramucci, said that the recently re-ratified US-Korea Free Trade Agreement is the best example of how Trump intends to tackle free trade issues: Not cancel them but update them so they are in step with the times.

Marchionne himself has repeatedly warned his fellow auto bosses in the United States and Europe not to underestimate the threat Korean manufacturers pose to legacy manufacturers.
However, the timing and launch of Hyundai Motor Group CEO Chung Mong-koo’s takeover bid for Fiat Chrysler are related to the FCAU stock price and Marchionne’s efforts to cut labor costs and increase profit margins in Italy.


schneemann

Suchtbolzen

  • »schneemann« ist der Autor dieses Themas

Beiträge: 3 515

Registrierungsdatum: 22.06.2004

Wohnort: Erfurt

Auto: 198 - 176 - 128AS

  • Private Nachricht senden

2

Mittwoch, 4. Juli 2018, 20:41

How likely is a Fiat Chrysler/Hyundai merger?

How likely is a Fiat Chrysler/Hyundai merger? - Detroit Free press.com, 02.07.2018

Acquisition speculation never really goes away for Fiat Chrysler Automobiles. This time, South Korean automaker Hyundai has been cast in the role of potential suitor, a variation on speculation that spread last year.

Asia Times published a story last week highlighting a scenario where Hyundai Motor Group CEO Chung Mong-koo would launch a "takeover bid" for the Italian-American automaker at some point before FCA CEO Sergio Marchionne retires next year.

The story relied on unnamed sources, and Jim Trainor, a spokesman for Hyundai in the U.S., called the rumor "completely groundless."
But a Hyundai and FCA merger would offer some intriguing possibilities.

Michelle Krebs, Autotrader executive analyst, called it a situation to watch.

"I have long thought – on paper – that an FCA and Hyundai-Kia alliance makes some sense. Hyundai and Kia are strong in cars and Asia. FCA is strong in utilities – far more so than HK – and strong in trucks, which Hyundai doesn’t have at all," Krebs wrote in an email, noting a history that has included working together primarily before Chrysler was part of FCA on engines.

Marchionne also floated a possible connection last year with Hyundai on fuel cell technology development.

But Krebs also noted that alliances do not always succeed even when they appear to make sense.

"While an alliance may look good on paper, it may not work in terms of mindsets of the companies and the culture. I would note that the Daimler Chrysler 'merger' made sense on paper. It was a disaster due to the clashing cultures. The Nissan-Renault alliance didn’t make obvious sense, but it is nearly 20 years old now," Krebs said.

For FCA, the speculation about being purchased is familiar. Last year, numerous Chinese companies were rumored to be interested in the automaker, and at least one, Volvo-parent Geely held informal talks with FCA, according to Bloomberg. Geely ultimately opted to invest $9 billion in Daimler apparently instead.

Part of the speculation has also been fed by Marchionne's penchant for making public overtures to other automakers, such as General Motors and Volkswagen. He's long suggested more consolidation was needed in the auto industry, and FCA has taken a team approach to areas such as autonomous vehicle development such as through its partnership with Waymo.


Quench

CFI Elite

Beiträge: 4 789

Registrierungsdatum: 27.09.2003

Wohnort: Area 51

Auto: Nissan Sunny

  • Private Nachricht senden

3

Mittwoch, 4. Juli 2018, 21:51

:hmm: .... :wacko: .... :thumbdown: (!)

Join the resistance!

schneemann

Suchtbolzen

  • »schneemann« ist der Autor dieses Themas

Beiträge: 3 515

Registrierungsdatum: 22.06.2004

Wohnort: Erfurt

Auto: 198 - 176 - 128AS

  • Private Nachricht senden

4

Samstag, 7. Juli 2018, 17:51

Wirtschaftlich Sinn machen würde es schon, und auch vom Portfolio und der Marktpräsenz her würde es passen.
Aber schauen wir mal, ob der Aktienkurs wirklich so weit sinkt, dass ein Angebot kommt. Und warten wir mal ab, ob dass dann ausreichend ist. Relevant wird ja auch sein, wer auf Marchionne folgen wird.


fiat5cento

Haut scho hi, oda?

Beiträge: 3 938

Registrierungsdatum: 15.01.2004

Wohnort: Eichstätt

Auto: 188 1.8 16V, 170 1.2 8V, 183 1.8 16V

  • Private Nachricht senden

5

Sonntag, 8. Juli 2018, 12:33

Es ist immer wieder schön zu lesen, dass man FCA vorwirft keine neuen Technologien im Konzern zu haben, während fast jedes Premium-Fahrzeug mit Magnetti Marelli-Teilen herumfährt.
It's a pretty good night for a drive - so dry up those eyes, dry up those eyes!

Quench

CFI Elite

Beiträge: 4 789

Registrierungsdatum: 27.09.2003

Wohnort: Area 51

Auto: Nissan Sunny

  • Private Nachricht senden

6

Sonntag, 8. Juli 2018, 15:53

Wirtschaftlicher Sinn ist das eine ... aber HYUNDAI ??? :autsch:

Join the resistance!

mikele

Tripel-As

Beiträge: 202

Registrierungsdatum: 09.10.2013

Wohnort: münchen

Auto: punto 55 bj 98 etc

  • Private Nachricht senden

7

Montag, 9. Juli 2018, 22:47

die ziehen sich den schuh nicht an. sm hat alles was neue technologie anbelangt verschlafen. er musste ja die schwarze null präsentieren.
geld für entwicklung wurde gesstrichen. wer will so einen laden kaufen. nachfolge modelle----nicht in sicht--

meine 5 cents dazu

just
mikele

lancia freunde münchen

Beiträge: 836

Registrierungsdatum: 25.01.2010

Wohnort: Sachsen

Auto: Ulysse 179 2,0+188b 80PS+188b 95PS

  • Private Nachricht senden

8

Dienstag, 10. Juli 2018, 07:57

Wirtschaftlicher Sinn ist das eine ... aber HYUNDAI ??? :autsch:

Besser als VW ist das allemal, die bauen wenigstens Autos die fahren und nicht ständig in der Werkstatt stehen und bezahlbar sind sie auch.

schneemann

Suchtbolzen

  • »schneemann« ist der Autor dieses Themas

Beiträge: 3 515

Registrierungsdatum: 22.06.2004

Wohnort: Erfurt

Auto: 198 - 176 - 128AS

  • Private Nachricht senden

9

Dienstag, 10. Juli 2018, 16:59

Wirtschaftlicher Sinn ist das eine ... aber HYUNDAI ??? :autsch:


Schau dir an, was die Chinesen aus Volvo gemacht haben, das ist durchaus beeindruckend. Und was Hyundai derzeit auf die Straße stellt, ist schon ordentlich. Sei es ein i30 N oder der Nexo.


die ziehen sich den schuh nicht an. sm hat alles was neue technologie anbelangt verschlafen. er musste ja die schwarze null präsentieren.
geld für entwicklung wurde gesstrichen. wer will so einen laden kaufen. nachfolge modelle----nicht in sicht--

meine 5 cents dazu

just
mikele

lancia freunde münchen



Den "Trend" zum batteriebetriebenen Elektroauto kann man mit Ausnahme des geplanten "500e" auch getrost weiterverschlafen. Die Brennstoffzelle wird es außerstädtisch machen. Und Fiat ist derzeit der einzige Hersteller, der im Nutzfahrzeugsegment mit dem CNG/LNG-Lösungen eine erstklassige Alternative zum Diesel hat.