mich800 wrote:
rr2254545 wrote:
SidecarFlip wrote:
We discussed FCA last weekend at my BIL's home. He's a high ranking engineer at Ford and pretty much knows what is transpiring in the automotive world...
He told me that FCA is basically not profitable as a car company considering the whole picture. Only the 'Jeep' and the RAM truck divisions make money. The rest are bombs, including the Fiat and the other 'car' lines and Sergio wants to sell it off before he retires.
With the current climate (the NK ongoing scenario) and the Chinese involvement, or should I say non-involvement) the climate here is no divesture to the Chinese. On the other hand, Hyundai (SK) is a good fit.
Will be interesting, especially for the North American operations which are UAW.
This is called insider trading
That is nowhere near insider trading(information).
No, not really. It's inter industry scuttlebutt.
Most everyone know what everyone else is doing or plans to so. I knew about the euro-diesel Ranger a year ago.
My BIL is head engineer on the new 7 and 10 speed automatic's that Fords are putting in the trucks and I also know a 10 speed (beefed up box) is headed for the F250-350-450 and 550 trucks too.
If I hold Ford, GM or FCA stock it isn't my choice, it's my financial people's choice. They handle the financial end of my retirement.
