FCA To Merge With PSA

"They must have had the fastest wrecker in the race."


Yup and goes to the fact that those who take racing heritage into their decision misplace that metric...unless they also drive like they are in a race condition of whichever race track/terrain

Few realize that by the end of the race, win or lose, that vehicle has little left to make it to 100,000 miles or more...

Was in a GM dealership that also sold Peugeot when the Peugeot sales manager exclaimed that Peugeot had just won the Paris to Dakar Rally. The service manager chimed in with "They must have had the fastest wrecker in the race."

goducks10 wrote:

Me Again wrote:
I still think they should work on an universal swappable battery pack where one pulls into a station and a robot swaps in a recharged battery and you are on your way again in a couple minutes, along with a "refueling" charge on your credit card. The number of battery packs is base on size and weight of vehicle.

The Radio Control hobby has airplanes, buggies, cars and trucks that have been doing it for years. I do not go to the field and fly a plane once and then have to bring it home and recharge it. I can fly as many flights as batteries I bring along.

Having done the off road RC car thing for years back in the day, I think you're on to something. Let the battery MFG's duke it out as well. It would definitely benefit the consumer.

Tesla had a functioning setup like that but it wasn’t popular and that was back in the days of max charge rates of 120 Kw. Now at 250 kw charge rates and average 15 minute V3 Supercharger stops I don’t think it would find a market. Most people take that long to pee, grab a coffee, clean the windshield and move on. I would think most of the V2 stations will be upgraded to V3 over the next few years and most of the new Superchargers are V3. Besides. Most people charge at home. Many rarely go to a Supercharger. There will never be a need for as many DC fast chargers as there are gas stations.

Maybe the non Tesla brands can get together and look into this kinda thing as they all charge at about half the rate. Then again, all the other brands combined together don’t come close to Tesla’s number...except in China of course.

Me Again wrote:
I still think they should work on an universal swappable battery pack where one pulls into a station and a robot swaps in a recharged battery and you are on your way again in a couple minutes, along with a "refueling" charge on your credit card. The number of battery packs is base on size and weight of vehicle.

The Radio Control hobby has airplanes, buggies, cars and trucks that have been doing it for years. I do not go to the field and fly a plane once and then have to bring it home and recharge it. I can fly as many flights as batteries I bring along.

Having done the off road RC car thing for years back in the day, I think you're on to something. Let the battery MFG's duke it out as well. It would definitely benefit the consumer.

RobertRyan wrote:

If (and it I want to reiterate if again) this is the case, then FCA will be the one taking over since they lead PSA in net worth, net revenue, and total assets by tens of billions of dollars. So if the company with the most assets is generally the company that takes over as you say, then it would be FCA in this case.

Not sure what Americans being on the board has anything to do with it. There are many non-Americans on the board of American companies. A board member's loyalty lies with his company that employees him, not the country he was born in. It is in their best interest that the company is and stays profitable or the shareholders will vote him out.

No FCA will not be taking over anything. PSA has initiated this merger as FCA can see it will be desperate straits soon regarding BEV's. Taking or trying to takeover is not a very good idea in very constrained financial times for either party

Shinerbrock wrote:
However, there could be a PSA takeover, but they would have to pay billions for it since FCA brings more to the table. It could be that they paid for extra seats on the board and the CEO.

They are already or will be a merged company, so no reason for a .Takeover. I think everyone has not up to this point noticed that the whole exercise is a pretty European effort. Bulk of the brands involved in the merger are European, both CEO's are European a lot of the shareholders are global but the bulk European, Fiat and PSA now have the merged entity headquartered in the Netherlands, not the US. Only things left are that are American are RAM and Jeep. I doubt the Chrysler and Dodge nameplates are long for this world unless you put them on some current Fiat or PSA vehicle.
Just to add the " Europeaness" of this tie up. John Elkhann the FCA Chairman

DescriptionJohn Philip Jacob Elkann is an American-Italian industrialist. He was the chosen heir of his grandfather Gianni Agnelli, and chairs and controls the automaker Fiat Chrysler Automobiles, which has formerly represented

And I bet this all makes your American hating heart happy.

I still think they should work on an universal swappable battery pack where one pulls into a station and a robot swaps in a recharged battery and you are on your way again in a couple minutes, along with a "refueling" charge on your credit card. The number of battery packs is base on size and weight of vehicle.

The Radio Control hobby has airplanes, buggies, cars and trucks that have been doing it for years. I do not go to the field and fly a plane once and then have to bring it home and recharge it. I can fly as many flights as batteries I bring along.

There has been lots of rumours of panic flying around FCA that they are finding themselves with no path to electrification. No R&D, no battery making capacity and an internal anti EV culture led by their last CEO. This article gives a glimpse into one of the reasons they may have done this merger.

GM’s approach was to contract out a car (The Bolt) to Korean firms and then assembling it in the US with a GM sticker on it. But Bolts are crazy expensive for them and sales are disappointing. I wonder if GM may not try some kind of merger approach with Volkswagen.

Here’s the article on FCA.

https://electrek.co/2019/11/02/the-fca-psa-merger-could-create-an-electric-vehicle-powerhouse-under-carlos-tavares/

FCA headquarters was already in the Netherlands. It's financial office is in London.

If (and it I want to reiterate if again) this is the case, then FCA will be the one taking over since they lead PSA in net worth, net revenue, and total assets by tens of billions of dollars. So if the company with the most assets is generally the company that takes over as you say, then it would be FCA in this case.

Not sure what Americans being on the board has anything to do with it. There are many non-Americans on the board of American companies. A board member's loyalty lies with his company that employees him, not the country he was born in. It is in their best interest that the company is and stays profitable or the shareholders will vote him out.

No FCA will not be taking over anything. PSA has initiated this merger as FCA can see it will be desperate straits soon regarding BEV's. Taking or trying to takeover is not a very good idea in very constrained financial times for either party

Shinerbrock wrote:
However, there could be a PSA takeover, but they would have to pay billions for it since FCA brings more to the table. It could be that they paid for extra seats on the board and the CEO.

They are already or will be a merged company, so no reason for a .Takeover. I think everyone has not up to this point noticed that the whole exercise is a pretty European effort. Bulk of the brands involved in the merger are European, both CEO's are European a lot of the shareholders are global but the bulk European, Fiat and PSA now have the merged entity headquartered in the Netherlands, not the US. Only things left are that are American are RAM and Jeep. I doubt the Chrysler and Dodge nameplates are long for this world unless you put them on some current Fiat or PSA vehicle.
Just to add the " Europeaness" of this tie up. John Elkhann the FCA Chairman

DescriptionJohn Philip Jacob Elkann is an American-Italian industrialist. He was the chosen heir of his grandfather Gianni Agnelli, and chairs and controls the automaker Fiat Chrysler Automobiles, which has formerly represented

FishOnOne wrote:

ShinerBock wrote:

FishOnOne wrote:

ShinerBock wrote:

FishOnOne wrote:
Again in reality there never is equals... It may be reported that how it's going to be structured but it won't last.

Is this fact or opinion. If fact, then please show me the data you have that you know it won't last

FishOnOne wrote:
Here's a copy/paste: The companies would combine under a Dutch parent company, with a board of 11 members, five nominated by FCA and five by PSA. Carlos Tavares, CEO of PSA Groupe, would be CEO of the new company; FCA Chairman John Elkann would retain his role.

I suspect the CEO will fill the 11th spot or someone at the parent company, and if this report is correct with Carlos Tavares being the new company CEO it looks like PSA will eventually dominate the company.

In this scenario, FCA actually have more leverage because they have more board representation with the 11 member being John Elkann from FCA as chairman of the board. The board can hire or fire a CEO while the CEO cannot touch a board member. The board can also override the CEO if they have enough votes to do so. So FCA will have 6 votes on the board to PSA's 5. The CEO is from PSA who does not have a vote which means FCA can out vote PSA on anything they wish to. So saying that PSA will dominate the company is highly unlikely unless PSA gets one of the FCA board members to vote against FCA.

I've been involved in a company merger of equals and it was a slow shift to one of the two companies. The company used both names and after about 5 years one of the two were removed. I've seen the same happen to one of are competitors.

Again I'll stress to you that the company that is backed by the most cash will eventually take over. If this board doesn't get along (11 seats) with the direction of the dominant group this process of dominance will accelerate.

How many American's will be on this board?

If (and it I want to reiterate if again) this is the case, then FCA will be the one taking over since they lead PSA in net worth, net revenue, and total assets by tens of billions of dollars. So if the company with the most assets is generally the company that takes over as you say, then it would be FCA in this case.

Not sure what Americans being on the board has anything to do with it. There are many non-Americans on the board of American companies. A board member's loyalty lies with his company that employees him, not the country he was born in. It is in their best interest that the company is and stays profitable or the shareholders will vote him out.

Then it’s very possible that the FCA group will eventually take control.

I view this merger as this company becomes even more European controlled and that influence will affect product.

Now only if that 11 pointer I’ve been seeing would just step out

I don't see it being Eurpean controlled in regards to FCA US(the Chrysler side) unless one of the brands loses profitability. Generally holding companies leave the profit centers alone. However, there could be a PSA takeover, but they would have to pay billions for it since FCA brings more to the table. It could be that they paid for extra seats on the board and the CEO.

I also don't see foreign holders of FCA US being a bad thing as long is it an allied country. After all the US would not even be a country if it weren't for the French. Also, jut because a company is American owned, doesn't most of its shareholders(owners) aren't foreign entities. Holding companies operate differently than most corporations in this aspect.