does china own fiat chrysler
FCA has already refused offers from a Chinese car brand, but that appears to have resulted in even more bids from other entities. But note that part of the payment might consist of stock in a new entity created to house a spinoff of Alfa and Maserati. A Fiat Chrysler dealership in Shelbyville, Ky. RAM’s high-performance, off-road pickup truck makes 702 horsepower and costs over $70,000. [7][8], In January 2015, GAC Fiat was renamed as GAC Fiat Chrysler. [1][10][11] Later, the company started to manufacture the Ottimo, (hatchback version of the Viaggio). The SUV power war is still alive and well, and there is a new king in town: The 2021 Dodge Durango SRT Hellcat! It could well be Geely -- or could be any of the others, looking to emulate (or counter) Geely's aggressive overseas-expansion moves. Early this morning, Larry Vellequette broke a story in Automotive News about a possible purchase of Fiat Chrysler Automobiles by a Chinese automaker.. If that's how a deal ends up being structured, I expect current FCA shareholders to get a significant premium over current prices. Image source: Fiat Chrysler Automobiles N.V. We don't have anything like enough information to know for sure, or to even know how likely a deal might be.
(And the remainder of the payment might well consist of shares of the acquiring Chinese automaker.). How do you say “Fiat Chrysler” in China? [15], 2016–present吉普指南者 (M4/553)Jeep Compass (M4/553), 2018–present吉普大指挥官 (K8)Jeep Grand Commander, "GAC-Fiat: No plan to launch Chrysler brand any time soon", "New venture formed for Fiat's second act", "GAC-Fiat ceremony heralds joint venture", "Fiat opens new Chinese plant to produce Viaggio", "Fiat, Chrysler to produce Jeep in China: paper", "To create a brighter future with soaring aspirations, GAC Group participated in the 16th Shanghai International Automobile Industry Exhibition", "Fiat unveils new Viaggio model to be made and sold in China", "Fiat Chrysler deepens China partnership to help Jeep", "Fiat's China JV to build second plant to produce SUVs, EVs, report says", "First Chinese-Built Jeep Renegade Rolls Off Production Line in Guangzhou", "FCA, GAC launch Jeep Commander output in Changsha", "Fiat: stop alla produzione di Viaggio e Ottimo in Cina", China Association of Automobile Manufacturers, https://en.wikipedia.org/w/index.php?title=GAC_Fiat_Chrysler&oldid=962156118, Vehicle manufacturing companies established in 2010, Articles containing Chinese-language text, Creative Commons Attribution-ShareAlike License, This page was last edited on 12 June 2020, at 12:06. [5] Vehicle production began in June 2012, with the Fiat Viaggio five-door sedan.
Fiat Chrysler Automobiles' corporate headquarters is domiciled in Amsterdam, and the financial headquarters are in London. Fiat Chrysler Automobiles N.V., a.k.a. For starters, the fact that FCA's board might like to sell all-of-FCA-minus-Maserati-and-Alfa as a single package doesn't mean that's what any of the Chinese suitors will be willing to buy. FCA has already refused offers from a Chinese car brand, but that appears to have resulted in even more bids from other entities. According to Vellequette’s article, at least one offer has been made offering slightly more than market value, which is currently at $35.49 billion.
John Rosevear is the senior auto specialist for Fool.com. But it seems clear that if a sale happens, FCA shareholders are likely to be rewarded. Beyond that, we'll have to wait and see what happens. John has been writing about the auto business and investing for over 20 years, and for The Motley Fool since 2007. I think that's likely. Chrysler, or FCA, is one of the big three U.S. car companies, along with General Motors and Ford. GAC Fiat Chrysler Automobiles Co., Ltd. is an automobile manufacturing company headquartered in Changsha, China and a 50:50 joint-venture between GAC Group and Fiat Chrysler Automobiles. Returns as of 09/24/2020. Other sources claim other large Chinese automakers are reviewing a potential purchase of FCA, with some of their officials meeting with the company’s executives. Image source: Fiat Chrysler Automobiles N.V. First, we know that China's government has been encouraging successful Chinese companies to expand outside of China by investing in or acquiring foreign businesses. But by looking at what we do know, including what we know about FCA from moves it has made over the last couple of years, we can see the outlines of what a deal might look like -- and what FCA investors might reasonably expect from such a deal. The deal also includes 90-day payment deferrals. Let's conquer your financial goals together...faster. Any buyer of FCA would become a U.S.-market heavyweight instantly, thanks to the Jeep and Ram brands. Fiat also owned a 90% stake in supercar maker Ferrari (NYSE:RACE) for many years -- but Ferrari was spun off in late 2015. Fiat Chrysler Is at a Crossroads. The group was established in October 2014 by merging Fiat and Chrysler into a new holding company.
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