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But the Frenchies - PSA and Renault - will probably want to forget 2009 as soon as they can. Renault, in particular, posted a Q2 stinker. Why so? Well, some of the cars just ain't selling. Renault had a very bad first half for sales in Europe. The Laguna, first half production volume down almost 60...
I wonder what Sergio Marchionne makes of it all? Is Fiat really out of it? Fiat is axing some capacity in Italy which perhaps will reassure some that the axe wouldn't all fall on Opel under Marchionne's plans. And maybe some in Germany will conclude that Marchionne knows how to run a car compa...
Similarly, in looking at Magna's proposed deal to acquire Opel/Vauxhall, the position of New GM is highly significant. If a close relationship continues across the Atlantic concerns over the new European entity developing new product ease somewhat.
One curious uncertainty remaining is the position of Fiat. Marchionne has said that Fiat has enough on its plate right now with Chrysler, but that doesn't quite gel with what he had to say about industry restructuring earlier this year. Could Ford Europe yet enter the fray?
Fiat was going to make a merger work by taking an axe to the combined unit's operations - and capacity reduction is coming down the line for the whole industry in Europe, one way or another. Fiat also has a global footprint - manufacturing and distribution.
The state of flux that GM's European operations are currently in is bound to generate plenty of speculation about where the new owners (by the way, not a done deal, by a long chalk) will seek to make savings. So, a politically driven deal in Germany means the axe is less likely to fall there an...
lt;P>Not so long ago a GM bankruptcy seemed to many - including myself - like an outcome to be avoided at all costs. It's a measure of the speed with which the crisis in this industry is unfolding that it has seemed in recent weeks like the only way forward. And here we are on June 1: it's finall...
There are reports - still to be confirmed - that Magna has beaten Fiat in the final two-horse race for Opel. The signs were there that it was going that way. Where does that leave Fiat though? Where will Marchionne look for those additional units that he maintains Fiat needs to be making in alli...
And now it sounds like Marchionne is either playing hardball or is feeling frustrated, given Fiat's decision to sit out today's meeting. Is Magna in pole position? Maybe, but a compromise agreement involving both Fiat and Magna is now being talked about in some quarters.
Fiat's bid is perhaps too honest for its own good. Marchionne has talked about a need for restructuring and that has provided ammunition for opponents and rival bids. If Fiat is having to amend its offer by making too many concessions on plant closures and job losses in Germany, it's actuall...
Earlier reports suggested that Fiat wanted to assemble its Linea, Bravo and Punto passenger car models in Canton province. Separately GAIG, which already has passenger car joint ventures with Toyota and Honda, last week signed an agreement to acquire a ...
My money is on Fiat to be named preferred bidder by the German government though, after Marchionne has provided some reassurances on jobs. The industrial logic may be sound, but political realities cannot be completely ignored either.
It sounds as if Fiat is going to try to offer assets and a formidable sales network rather than cash in exchange for a stake in Opel - like it has done with Chrysler. If Fiat is the front runner at this stage, partly built on the Marchionne charm, other bidders need to think about offering cash. T...
Well, Berlusconi and others may like to bask in the glory of Fiat and Marchionne moving onto the world stage and grabing a slice of Chrysler and who knows what else. But some in Italy are cheesed off. I believe that it is only right to respect such things. The workers have a position to defend. Fair...
Interesting article from our man in Mercosur, Fernando Calmon, looking at Fiat's plans for a new low-cost car in Brazil. Sounds like Fiat has been sparked into action by the threat of a low-cost Chinese car being assembled within the Mercosur area. The cheapo car will likely be the basis, th...
A recent announcement by Fiat group CEO Sergio Marchione caught the Brazilian subsidiary somewhat by surprise. He confirmed to Reuters the production of an affordable car both here and in other emerging markets but mentioned only the Palio, when he actually meant the Uno.