Just saw the report on HLN. Chrysler seems to be a pass around Handmaiden.
And don't forget the taxpayer bail out. !!!
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Just saw the report on HLN. Chrysler seems to be a pass around Handmaiden.
And don't forget the taxpayer bail out. !!!
"...Fiat Chrysler Automobiles has reportedly rejected an acquisition bid by a Chinese automaker — but a variety of analysts and observers within the auto industry believe it could be just a matter of time before FCA is given an offer it would be willing to accept.
Over the last several years, however, FCA Chief Executive Sergio Marchionne has made it clear he is looking for another partner and might alternately consider the sale of all or part of his company.
The only one who would have the money [[and reason) to take over Fiat Chrysler Automobiles would be China,” said analyst David Sullivan, of the consulting form AutoPacific. “The Chinese seem more enthralled” with opportunities presented by key FCA brands like Jeep, Sullivan added, “than anyone else.
Word of a bid by an unspecified Chinese automaker first appeared in the trade publication Automotive News on Monday morning. Sources told NBC News the bid may have come from Guangzhou Automobile Group, or GAC, which is based in a region traditionally known as Canton, in southern China.
GAC already has a relationship with FCA. Under Chinese law, foreign manufacturers must partner with a local company to produce vehicles in the country, and the Jeep Renegade began rolling off an assembly line operated by GAC Fiat Chrysler Automobiles in April 2016.
China’s automotive market is now the largest in the world..."
http://www.nbcnews.com/business/auto...rysler-n792541