Earlier this week, it was reported that Fiat Chrysler Automobiles (FCA) was about to be bought over by Chinese company Geely. However, Geely executive director Gui Shengyue told Reuters that Geely “(does not) have any such plan at the moment,” putting a stop to speculations.
Understandably, Geely has its hands occupied with its recent partnership with Proton, which the Chinese automaker will be focussing on bringing back into profitability. As for Lotus, Geely aims to broaden the British sports car maker’s reach further throughout the global market.
Geely hasn’t entirely rejected the idea of a company buying FCA, however, as it suggested it would be a good move for other automakers as “a fast track for their development,” Gui Shengyue said. Great Wall Motors and Guangzhou Automobile Group are among the others to have considered tie-ups with FCA, but it’s not clear if they are aiming for an outright purchase of FCA in its entirety, or just part of its assets.
On the other side of the fence, it has been made clear FCA chief executive officer Sergio Marchionne is on the lookout for a partner or buyer with whom the company can manage rising costs for emissions regulations compliance, and for developing electric drive and autonomous technologies.
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Already bought a loss making car company in ASEAN. Geely be silly to buy another loss making car company, especially an Italian one.
Not just loss making, attitude of the workers are also loss making. Geely will have a tough time changing the attitude of 12,000 workers who have been used to very very very little work the past 10 years.
Agreeable
Soon Geely lari for sure.
Deswai beli Proton banyak pening, banyak sakit. Siannn Li Shufu..
Pity Fiat Chrysler have 12,000 workers who have been used to very very very little work the past 10 years.
If FCA now so desperate, don’t lansi la. U think u so valuable is it? If yes, why you’re in trouble now?
Beggars can’t be choosers. Want tongsan’s money, don’t jual mahal.
Yup be humble like Proton, beg for tongsan money and now get tongsan money.
bcoz p1 more sexy than fiat
Karipap > Lasagna
Buy Fiat and its subsidiary (Felali, Masalati) and dump Chrysler back to trumpland
FCA Group is one of the worst auto alliances in the world right now. Chrysler is dragging its feet and holding back Fiat, Alfa Romeo and the others. Fiat should have never bought Chrysler in the first place.
Some of us may still remember Daimler-Chrysler; Mercedes-Benz and Chrysler had a very brief alliance in the early 2000s. It is no coincidence that Mercedes-Benz cars were at their worst during the Daimler-Chrysler era.
Before Mercedes, Chrysler had an alliance with Mitsubishi as well. This partnership was probably Chrysler’s best, all things considered. Search for Diamond Star Motors; there was once a time when, like Proton, Chrysler rebadged Mitsubishi Lancers for the American market. But unlike Proton, the Chrysler version of the Lancer was fully made by Mitsubishi in Japan.
This Chrysler-Mitsubishi partnership was one of several obstacles that prevented Proton from entering the American market in the late 1980s. Mitsubishi was against the idea of having the Malaysian government subsidise Saga exports to the U.S., because such an agreement would have undermined Diamond Star Motors.
FCA cars tend to be bottom-ranked in most global reliability surveys. Doesn’t matter if it’s Chrysler, Fiat, Alfa Romeo, Jeep etc., they’re all badly made. The Fiat 500L is especially terrible. Whoever buys into FCA Group… they will have a hard time remedying the endless problems.
Geely is smart. They know that buying FCA Group will mean buying several American car companies. Trump will no doubt oppose any Chinese purchase of FCA, because his narrow mind will struggle to look beyond the fact that a car company from China may soon buy out multiple American icons. Even if Trump does nothing, his supporters will not be pleased with the prospect of having a Chinese car company in charge of Chrysler.
What to do.
DMC wasnt brief. It lasted until 2014/5.
Good point you got there mate
So informative, a true auto insider. Thank you Aero. But can you give references if you don’t mind for your next long comment.
Geely should buy Ford instead and sue them back for Lincoln name .
Pfft! Geely shud hire Henry Ford descendant and then sue Ford for misusing Ford name.
i also not interested in geely, my honda beats all, honda boon siew kapcai beats all.