CEO Of Chrysler, Marchionne In Merger Talks With GM?

Too funny, Peter DeLorenzo is on a roll with this weeks article

4. As for the “F” in FCA, Fiat would be “consolidated” - more like imploded - and banished back to Europe. And Marchionne and his espresso-swilling posse would have to figure out how to market and sell his mediocre Fiat product lineup on its own merits, without siphoning the prophets from Jeeps and pickup trucks to prop up what will soon be a failed enterprise. Which would be the same as it ever was, come to think of it. Good night. Good luck. And good riddance.

http://www.autoextremist.com/current/2015/5/26/king-of-the-automotive-world.html

ktmrfs wrote:
I'll repeat. When GM was approached by Fiat a few weeks ago, GM flatly said there would be no discussions, no meeting, and absolutely no interest in discussing any merger, joint venture, etc. with Fiat.

That does not mean it is over. He clearly wants to merge to create a larger company to save costs. Article

JALLEN4 wrote:

dodge guy wrote:

Y-Guy wrote:
Oh the thought of Jeep being made by GM makes my skin crawl.

Actually from the sound of the article FCA wants to buy GM! So I guess that would mean a Hemi in the Corvette!!!

Fiat Chrysler is doing very well compared to GM. GM is hurting, but I think they are holding out for more $$$ from either FCA or someone else.

At the end of 2014, GM had 23.5 billion of cash on hand, net income was 2.8 billion in 2014, and was the worlds second largest auto manufacturer. Does not sound as if though they are struggling nor a potential seller to Fiat.

VW has just passed them and their profit is two or three times that of GM, still I agree they would not like too buy Fiat either

itguy08 wrote:

goducks10 wrote:
If it happens I hope GM doesn't mess the Ram and Cummins.

Why? The only thing "good" about Ram is the Cummins and it would be in a better (GM) truck anyway.

Still don't get what GM would want with Chrapsler. The only brand worth keeping would be Jeep.

That's my point. I would never own a GM truck and if the Cummins was shoved in a GM I'd go back to gas.

I'll repeat. When GM was approached by Fiat a few weeks ago, GM flatly said there would be no discussions, no meeting, and absolutely no interest in discussing any merger, joint venture, etc. with Fiat.

dpatt67 wrote:
1)FCA is only looking for a partner because it feels it would benefit the long term outlook of the company. These talks go on all the time between automakers, just look up all the partnerships going on right now.
2)The last company I would personally want to be partnered with after my 30 years of dependable Chrysler products is the joke that is GM. That's all I'm gonna say about that..

I don't think it would ever happen but with the way the automotive companies have been run into the ground the past decade who knows.

With respect to your point #1. There is a big difference between partnering for new technologies and a merger which Fiat was discussing. Chrysler has some structural problems for some time now and hopefully they can figure it out soon. Far too many mergers, buyouts, etc have left too many pieces internally that always do not mesh nicely.

1)FCA is only looking for a partner because it feels it would benefit the long term outlook of the company. These talks go on all the time between automakers, just look up all the partnerships going on right now.
2)The last company I would personally want to be partnered with after my 30 years of dependable Chrysler products is the joke that is GM. That's all I'm gonna say about that..

If, and that is a big IF, this were to happen, this might be the best thing that happened.

We would get the best of both worlds. A Ram truck with a Duramax/Allison and independent front suspension. Now that would be a sweet deal.

As was stated, this is old news. And I think it would be bad for both GM and FCA. Not really much synergy - both manufactures have strengths in SUVs and trucks, and a weakness in cars that would not improve their global positioning.

A FCA merger with VW, Honda, Nissan, or possibly Kia/Hyundai would make more sense due to the synergies it would create.

And FCA wanting to "ofload" Chyrsler makes absolutely no sense. Chrysler is very much the strength of the alliance.

dodge guy wrote:
Lots of people not thinking here. FCA is doing very well. GM is not, period! If GM were doing so well why are they trying to off everything they have! FCA, has the money to spend, GM does not, regardless of however GM wants to spin it!

I don't know whether Ford, GM or FCA are doing well or not. I don't have their yearly reports, nor do I have access to their books. I don't know.

How do you know GM is not doing well ? What information do you base this opinion ?