The Truth About Cars » Consolidation http://www.thetruthaboutcars.com The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. Sat, 13 Feb 2016 15:37:53 +0000 en-US hourly 1 http://wordpress.org/?v=4.2.4 The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. The Truth About Cars no The Truth About Cars editors@ttac.com editors@ttac.com (The Truth About Cars) 2006-2009 The Truth About Cars The Truth About Cars » Consolidation http://www.thetruthaboutcars.com/wp-content/themes/ttac-theme/images/logo.gif http://www.thetruthaboutcars.com/category/news-blog/consolidation/ Who Will Build Sergio’s Next Dodge Dart and Chrysler 200? http://www.thetruthaboutcars.com/2016/02/will-build-sergios-next-dodge-dart-chrysler-200/ http://www.thetruthaboutcars.com/2016/02/will-build-sergios-next-dodge-dart-chrysler-200/#comments Mon, 01 Feb 2016 20:05:13 +0000 http://www.thetruthaboutcars.com/?p=1277738 FCA’s sweater-in-chief Sergio Marchionne has a plan to turn around the debt-laden and ailing automaker: stop building cars that lose money. That sounds like common sense, so long as oil prices stay low and the demand for trucks, SUVs and crossovers remains high. But that plan introduces a new set of problems, chief among them […]

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FCA’s sweater-in-chief Sergio Marchionne has a plan to turn around the debt-laden and ailing automaker: stop building cars that lose money. That sounds like common sense, so long as oil prices stay low and the demand for trucks, SUVs and crossovers remains high. But that plan introduces a new set of problems, chief among them […]

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Fiat Chrysler Not Planning Hostile Takeover of General Motors Because of Course They Can’t http://www.thetruthaboutcars.com/2015/12/fiat-chrysler-not-planning-hostile-takeover-general-motors-course-cant/ http://www.thetruthaboutcars.com/2015/12/fiat-chrysler-not-planning-hostile-takeover-general-motors-course-cant/#comments Thu, 03 Dec 2015 19:00:29 +0000 http://www.thetruthaboutcars.com/?p=1234849 Fiat Chrysler Automobiles won’t attempt to takeover General Motors anytime soon, FCA chief Sergio Marchionne told investors Thursday according to Reuters. Speaking following a shareholder meeting, Marchionne said that finding a partner for FCA wasn’t “life or death” for the automaker group. Reportedly, FCA will delay launching several of their cars — including the Alfa Romeo […]

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Fiat Chrysler Automobiles won’t attempt to takeover General Motors anytime soon, FCA chief Sergio Marchionne told investors Thursday according to Reuters. Speaking following a shareholder meeting, Marchionne said that finding a partner for FCA wasn’t “life or death” for the automaker group. Reportedly, FCA will delay launching several of their cars — including the Alfa Romeo […]

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As GM Gets Picky About Products, Could Factories Be Next? http://www.thetruthaboutcars.com/2015/10/gm-gets-picky-products-factories-next/ http://www.thetruthaboutcars.com/2015/10/gm-gets-picky-products-factories-next/#comments Wed, 21 Oct 2015 20:30:08 +0000 http://www.thetruthaboutcars.com/?p=1202017 General Motors is getting pickier about where it does business and the products it sells. Could that also translate to where it will build its products in the future? In a recent piece from Automotive News’ Mike Colias, the trade publication paints a bleak picture for one of General Motors’ longest running nameplates. The subject was Impala […]

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General Motors is getting pickier about where it does business and the products it sells. Could that also translate to where it will build its products in the future? In a recent piece from Automotive News’ Mike Colias, the trade publication paints a bleak picture for one of General Motors’ longest running nameplates. The subject was Impala […]

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Sergio Marchionne Hasn’t Forgotten About GM, You Guys http://www.thetruthaboutcars.com/2015/09/sergio-marchionne-hasnt-forgotten-about-gm-you-guys/ http://www.thetruthaboutcars.com/2015/09/sergio-marchionne-hasnt-forgotten-about-gm-you-guys/#comments Sun, 06 Sep 2015 17:32:25 +0000 http://www.thetruthaboutcars.com/?p=1162450 Speaking at the Formula One Italian Grand Prix this weekend, Fiat Chrysler Automobiles CEO Sergio Marchionne told Reuters that a merger with General Motors was at the top of his list. “That discussion remains a high priority for FCA,” Marchionne told Reuters. “We consider it to be the best possible strategic alternative for us and for them. […]

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Speaking at the Formula One Italian Grand Prix this weekend, Fiat Chrysler Automobiles CEO Sergio Marchionne told Reuters that a merger with General Motors was at the top of his list. “That discussion remains a high priority for FCA,” Marchionne told Reuters. “We consider it to be the best possible strategic alternative for us and for them. […]

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The Biggest Car Interior Makers Are Now Companies We’ve Never Heard Of http://www.thetruthaboutcars.com/2015/08/biggest-car-interior-makers-now-companies-weve-never-heard/ http://www.thetruthaboutcars.com/2015/08/biggest-car-interior-makers-now-companies-weve-never-heard/#comments Mon, 31 Aug 2015 17:30:55 +0000 http://www.thetruthaboutcars.com/?p=1157170 On Monday, Magna International completed its sale of its interior business to Grupo Antolin, a Spanish firm that’s relatively unknown outside of Spain. That’s on top of Johnson Control International getting out of the interior business, along with other automakers and suppliers, as John McElroy pointed out in a well-written column for Autoblog. Magna’s sale underscores […]

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On Monday, Magna International completed its sale of its interior business to Grupo Antolin, a Spanish firm that’s relatively unknown outside of Spain. That’s on top of Johnson Control International getting out of the interior business, along with other automakers and suppliers, as John McElroy pointed out in a well-written column for Autoblog. Magna’s sale underscores […]

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Marchionne Calls For GM Takeover Just Short of Hostile http://www.thetruthaboutcars.com/2015/08/marchionne-calls-for-gm-takeover-just-short-of-hostile/ http://www.thetruthaboutcars.com/2015/08/marchionne-calls-for-gm-takeover-just-short-of-hostile/#comments Sun, 30 Aug 2015 22:59:05 +0000 http://www.thetruthaboutcars.com/?p=1156418 We have to hand it to Larry P. Vellequette at Automotive News for getting FCA’s Don Marchionne riled up. In addition to getting Sergio talking yesterday about automakers having a history of bending the unions over, the outspoken executive has now called for a General Motors takeover via a series of hugs increasing in their intensity each time. […]

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We have to hand it to Larry P. Vellequette at Automotive News for getting FCA’s Don Marchionne riled up. In addition to getting Sergio talking yesterday about automakers having a history of bending the unions over, the outspoken executive has now called for a General Motors takeover via a series of hugs increasing in their intensity each time. […]

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Lutz: GM-Chrysler Merger Makes Sense http://www.thetruthaboutcars.com/2015/08/lutz-gm-chrysler-merger-makes-sense/ http://www.thetruthaboutcars.com/2015/08/lutz-gm-chrysler-merger-makes-sense/#comments Wed, 05 Aug 2015 18:00:56 +0000 http://www.thetruthaboutcars.com/?p=1134001 My goodness, when isn’t former General Motors exec Bob Lutz just the best? The former GM chief recently appeared on an Automotive News panel and boy that guy has vision and the rest of us have bifocals. Car and Driver correctly points out that Lutz makes good points regarding a merger between GM and Chrysler, but […]

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My goodness, when isn’t former General Motors exec Bob Lutz just the best? The former GM chief recently appeared on an Automotive News panel and boy that guy has vision and the rest of us have bifocals. Car and Driver correctly points out that Lutz makes good points regarding a merger between GM and Chrysler, but […]

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Spyker Emerges from Bankruptcy Charged with Enthusiasm http://www.thetruthaboutcars.com/2015/08/spyker-emerges-from-bankruptcy-charged-with-enthusiasm/ http://www.thetruthaboutcars.com/2015/08/spyker-emerges-from-bankruptcy-charged-with-enthusiasm/#comments Sat, 01 Aug 2015 18:00:20 +0000 http://www.thetruthaboutcars.com/?p=1131465 Spyker — the former Saab owner, F1 contender, and builder of aircraft-inspired supercars — has emerged from moratorium and plans to merge with Portland, Oregon electric aircraft manufacturer Volta Volare, said the company in a release on Thursday. As part of Spyker’s future plans, electrification seems to be the common theme, whether it be for […]

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Spyker — the former Saab owner, F1 contender, and builder of aircraft-inspired supercars — has emerged from moratorium and plans to merge with Portland, Oregon electric aircraft manufacturer Volta Volare, said the company in a release on Thursday. As part of Spyker’s future plans, electrification seems to be the common theme, whether it be for […]

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GM to Develop Global Car with China-based SAIC Motors http://www.thetruthaboutcars.com/2015/07/gm-develop-global-car-china-based-saic-motors/ http://www.thetruthaboutcars.com/2015/07/gm-develop-global-car-china-based-saic-motors/#comments Tue, 28 Jul 2015 15:00:53 +0000 http://www.thetruthaboutcars.com/?p=1126489 General Motors will invest $5 billion to build a global line of cars with Shanghai-based SAIC Motors that will be sold in Brazil, China and other emerging markets, the automaker announced Tuesday. The cars won’t be sold in the United States, according to the statement. The global vehicles will go on sale starting in 2019 and the automaker […]

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General Motors will invest $5 billion to build a global line of cars with Shanghai-based SAIC Motors that will be sold in Brazil, China and other emerging markets, the automaker announced Tuesday. The cars won’t be sold in the United States, according to the statement. The global vehicles will go on sale starting in 2019 and the automaker […]

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Magna Completes $1.9B Acquisition of Transmission-maker Getrag http://www.thetruthaboutcars.com/2015/07/magna-completes-1-9b-acquisition-transmission-maker-getrag/ http://www.thetruthaboutcars.com/2015/07/magna-completes-1-9b-acquisition-transmission-maker-getrag/#comments Fri, 17 Jul 2015 17:05:01 +0000 http://www.thetruthaboutcars.com/?p=1118633 Supplier and sometimes-assembler Magna International will buy German transmission-maker Getrag for roughly $1.9 billion, the Detroit News is reporting. The deal would firmly plant Canadian-based Magna International as the world’s second-largest parts supplier behind Robert Bosch GmbH and ahead of ZF, which recently purchased TRW Automotive for $12.4 billion earlier this year. “The trend among the […]

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Supplier and sometimes-assembler Magna International will buy German transmission-maker Getrag for roughly $1.9 billion, the Detroit News is reporting. The deal would firmly plant Canadian-based Magna International as the world’s second-largest parts supplier behind Robert Bosch GmbH and ahead of ZF, which recently purchased TRW Automotive for $12.4 billion earlier this year. “The trend among the […]

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Ferrari Filing ‘Days Away’ Says FCA Boss Marchionne http://www.thetruthaboutcars.com/2015/07/ferrari-filing-days-away-says-fiat-chrysler-boss-marchionne/ http://www.thetruthaboutcars.com/2015/07/ferrari-filing-days-away-says-fiat-chrysler-boss-marchionne/#comments Sat, 11 Jul 2015 15:00:42 +0000 http://www.thetruthaboutcars.com/?p=1113401 Speaking to reporters in Toronto on Friday, Fiat Chrysler Automobile chief Sergio Marchionne said the official filing to spin off Ferrari could happen within the next few days. “We are days away from filing the prospectus,” Marchionne said, according to the Detroit News. The future standalone supercar maker will make available 10 percent of the company through […]

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Speaking to reporters in Toronto on Friday, Fiat Chrysler Automobile chief Sergio Marchionne said the official filing to spin off Ferrari could happen within the next few days. “We are days away from filing the prospectus,” Marchionne said, according to the Detroit News. The future standalone supercar maker will make available 10 percent of the company through […]

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Jeep Points to Map of India, Says Let’s Print More Money Here http://www.thetruthaboutcars.com/2015/07/jeep-points-to-map-of-india-says-lets-print-more-money-here/ http://www.thetruthaboutcars.com/2015/07/jeep-points-to-map-of-india-says-lets-print-more-money-here/#comments Wed, 01 Jul 2015 19:00:11 +0000 http://www.thetruthaboutcars.com/?p=1104881 More and more automakers are looking at exotic locales to produce their wares (us Canadians can consider Mexico exotic thanks to its ice-free beaches) as they expand their brands and explore in-roads to untapped markets. For Jeep, that means investing in a shared money-printing press with an unlikely partner: Tata, the parent company of Land Rover. FCA […]

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More and more automakers are looking at exotic locales to produce their wares (us Canadians can consider Mexico exotic thanks to its ice-free beaches) as they expand their brands and explore in-roads to untapped markets. For Jeep, that means investing in a shared money-printing press with an unlikely partner: Tata, the parent company of Land Rover. FCA […]

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Marchionne Not Yet Ready For GM, Fields Not Interested In Any Merger http://www.thetruthaboutcars.com/2015/06/marchionne-not-yet-ready-for-gm-fields-not-interested-in-any-merger/ http://www.thetruthaboutcars.com/2015/06/marchionne-not-yet-ready-for-gm-fields-not-interested-in-any-merger/#comments Fri, 26 Jun 2015 20:00:09 +0000 http://www.thetruthaboutcars.com/?p=1100777 FCA CEO Sergio Marchionne says he’s not ready to court General Motors’ shareholders for a merger, while Ford’s Mark Fields prefers no mergers at all. Though Marchionne was said to be gathering allies in the finance field to help persuade GM’s investors to consider consolidation — having been rebuffed already by CEO Mary Barra — […]

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FCA CEO Sergio Marchionne says he’s not ready to court General Motors’ shareholders for a merger, while Ford’s Mark Fields prefers no mergers at all. Though Marchionne was said to be gathering allies in the finance field to help persuade GM’s investors to consider consolidation — having been rebuffed already by CEO Mary Barra — […]

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General Motors, FCA Recruit Advisors Amid Merger Standoff http://www.thetruthaboutcars.com/2015/06/general-motors-fca-recruit-advisors-amid-merger-standoff/ http://www.thetruthaboutcars.com/2015/06/general-motors-fca-recruit-advisors-amid-merger-standoff/#comments Thu, 18 Jun 2015 15:00:22 +0000 http://www.thetruthaboutcars.com/?p=1095169 The Lifetime movie starring FCA has reached the “dangerous stalker” phase, as the automaker and General Motors recruit advisors amid a merger standoff. Despite GM and CEO Mary Barra both rebuffing FCA’s and CEO Sergio Marchionne’s attempts to consolidate the two automakers and their respective resources, the former has brought aboard Goldman Sachs and Morgan […]

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The Lifetime movie starring FCA has reached the “dangerous stalker” phase, as the automaker and General Motors recruit advisors amid a merger standoff. Despite GM and CEO Mary Barra both rebuffing FCA’s and CEO Sergio Marchionne’s attempts to consolidate the two automakers and their respective resources, the former has brought aboard Goldman Sachs and Morgan […]

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Toyota, Ford Show No Interest In Heading Down The Aisle With FCA http://www.thetruthaboutcars.com/2015/06/toyota-ford-show-no-interest-in-heading-down-the-aisle-with-fca/ http://www.thetruthaboutcars.com/2015/06/toyota-ford-show-no-interest-in-heading-down-the-aisle-with-fca/#comments Fri, 12 Jun 2015 16:00:51 +0000 http://www.thetruthaboutcars.com/?p=1091505 When General Motors ultimately rebuffs FCA’s attempts to put a ring on it, Toyota or Ford could be the one true love, right? Not so fast. Toyota North America CEO Jim Lentz told those attending a groundbreaking ceremony at the Toyota Technical Center in York Township, Mich. his employer had not been contacted by FCA […]

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When General Motors ultimately rebuffs FCA’s attempts to put a ring on it, Toyota or Ford could be the one true love, right? Not so fast. Toyota North America CEO Jim Lentz told those attending a groundbreaking ceremony at the Toyota Technical Center in York Township, Mich. his employer had not been contacted by FCA […]

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Marchionne Planning Shotgun Wedding For FCA With General Motors http://www.thetruthaboutcars.com/2015/06/marchionne-planning-shotgun-wedding-for-fca-with-general-motors/ http://www.thetruthaboutcars.com/2015/06/marchionne-planning-shotgun-wedding-for-fca-with-general-motors/#comments Tue, 09 Jun 2015 18:00:22 +0000 http://www.thetruthaboutcars.com/?p=1088273 How desperate has FCA CEO Sergio Marchionne become about marrying off his company? He’s asking activist investors to prod General Motors to the chapel. Marchionne recently began reaching out to hedge funds and other activist investors to help bring FCA and GM (or a European automaker) together to consolidate resources, Wall Street Journal reports. The […]

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How desperate has FCA CEO Sergio Marchionne become about marrying off his company? He’s asking activist investors to prod General Motors to the chapel. Marchionne recently began reaching out to hedge funds and other activist investors to help bring FCA and GM (or a European automaker) together to consolidate resources, Wall Street Journal reports. The […]

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Bloomberg: Subaru “has to decide what kind of company it wants to be” http://www.thetruthaboutcars.com/2015/06/bloomberg-subaru-has-to-decide-what-kind-of-company-it-wants-to-be/ http://www.thetruthaboutcars.com/2015/06/bloomberg-subaru-has-to-decide-what-kind-of-company-it-wants-to-be/#comments Mon, 08 Jun 2015 16:47:59 +0000 http://www.thetruthaboutcars.com/?p=1087729 Subaru has a problem, though it’s a problem many other automakers would love to have. The small Japanese automaker is growing at a rapid rate and it’s fully expected to run out of capacity to fulfill demand sooner rather than later. Most automakers would simply expand and flood the market with more units to feed the […]

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Subaru has a problem, though it’s a problem many other automakers would love to have. The small Japanese automaker is growing at a rapid rate and it’s fully expected to run out of capacity to fulfill demand sooner rather than later. Most automakers would simply expand and flood the market with more units to feed the […]

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FCA Delaying Dozen Model Introductions, Redesigns Across Product Range http://www.thetruthaboutcars.com/2015/06/fca-delaying-dozen-model-introductions-redesigns-across-product-range/ http://www.thetruthaboutcars.com/2015/06/fca-delaying-dozen-model-introductions-redesigns-across-product-range/#comments Tue, 02 Jun 2015 16:00:27 +0000 http://www.thetruthaboutcars.com/?p=1082089 Suppliers close to FCA and its plans say production for a dozen new and redesigned models have been delayed, including key Jeep and Ram offerings. While high-margin products like the Jeep Wrangler, Grand Cherokee, and Ram 1500 wait for their redesigns, Alfa Romeo may be the only brand in FCA’s portfolio to receive its awaited […]

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Suppliers close to FCA and its plans say production for a dozen new and redesigned models have been delayed, including key Jeep and Ram offerings. While high-margin products like the Jeep Wrangler, Grand Cherokee, and Ram 1500 wait for their redesigns, Alfa Romeo may be the only brand in FCA’s portfolio to receive its awaited […]

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Elkann: Marchionne Emailed Barra, Others About Consolidation http://www.thetruthaboutcars.com/2015/05/elkann-marchionne-emailed-barra-others-about-consolidation/ http://www.thetruthaboutcars.com/2015/05/elkann-marchionne-emailed-barra-others-about-consolidation/#comments Fri, 29 May 2015 18:00:25 +0000 http://www.thetruthaboutcars.com/?p=1078122 FCA Chairman John Elkann confirmed CEO Sergio Marchionne did email General Motors CEO Mary Barra about consolidation, though GM wasn’t the only one. Elkann informed reporters the email wasn’t the only one sent by Marchionne, though the chairman didn’t specify who else Marchionne contacted about marriage, Reuters reports. He adds FCA could consider a hostile […]

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FCA Chairman John Elkann confirmed CEO Sergio Marchionne did email General Motors CEO Mary Barra about consolidation, though GM wasn’t the only one. Elkann informed reporters the email wasn’t the only one sent by Marchionne, though the chairman didn’t specify who else Marchionne contacted about marriage, Reuters reports. He adds FCA could consider a hostile […]

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Marchionne Hearing Wedding Bells By 2018, No Marriage With Opel http://www.thetruthaboutcars.com/2015/05/marchionne-hearing-wedding-bells-by-2018-no-marriage-with-opel/ http://www.thetruthaboutcars.com/2015/05/marchionne-hearing-wedding-bells-by-2018-no-marriage-with-opel/#comments Thu, 28 May 2015 16:00:31 +0000 http://www.thetruthaboutcars.com/?p=1077282 FCA CEO Sergio Marchionne believes consolidation will occur as early as 2018. Meanwhile, Opel won’t be taking FCA’s hand in marriage. Opel CEO Karl-Thomas Neumann stated a merger between his company and FCA was not going to happen, though he agreed with Marchionne in principle regarding such mergers, Reuters reports, especially in regards to volume, […]

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FCA CEO Sergio Marchionne believes consolidation will occur as early as 2018. Meanwhile, Opel won’t be taking FCA’s hand in marriage. Opel CEO Karl-Thomas Neumann stated a merger between his company and FCA was not going to happen, though he agreed with Marchionne in principle regarding such mergers, Reuters reports, especially in regards to volume, […]

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Marchionne May Marry FCA To Apple, Google If No Automaker Will http://www.thetruthaboutcars.com/2015/04/marchionne-may-marry-fca-apple-google-no-automaker-will/ http://www.thetruthaboutcars.com/2015/04/marchionne-may-marry-fca-apple-google-no-automaker-will/#comments Thu, 30 Apr 2015 16:00:11 +0000 http://www.thetruthaboutcars.com/?p=1056962 FCA CEO Sergio Marchionne’s search for a consolidation partner may take him to Silicon Valley if the automakers won’t give him the time of day. While making his pitch for consolidation during Wednesday’s Q1 2015 earnings call, Marchionne said dialogue about a possible partnership with Apple or Google if he couldn’t pair FCA off with […]

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FCA CEO Sergio Marchionne’s search for a consolidation partner may take him to Silicon Valley if the automakers won’t give him the time of day. While making his pitch for consolidation during Wednesday’s Q1 2015 earnings call, Marchionne said dialogue about a possible partnership with Apple or Google if he couldn’t pair FCA off with […]

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Marchionne Makes Case For Consolidation With 25-Page PowerPoint http://www.thetruthaboutcars.com/2015/04/marchionne-makes-case-consolidation-powerpoint-presentation/ http://www.thetruthaboutcars.com/2015/04/marchionne-makes-case-consolidation-powerpoint-presentation/#comments Wed, 29 Apr 2015 17:00:31 +0000 http://www.thetruthaboutcars.com/?p=1056346 Not one to give up on corporate marriage, FCA CEO Sergio Marchionne posted a merger thesis on his company’s website prior to FCA’s Q1 2015 earnings call. The 25-page PowerPoint presentation – titled “Confessions of a capital junkie” – makes the case for consolidation by outlining several key issues all automakers are facing, and the savings that […]

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Not one to give up on corporate marriage, FCA CEO Sergio Marchionne posted a merger thesis on his company’s website prior to FCA’s Q1 2015 earnings call. The 25-page PowerPoint presentation – titled “Confessions of a capital junkie” – makes the case for consolidation by outlining several key issues all automakers are facing, and the savings that […]

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German Automakers Rally In Support of US-EU Trade Agreement http://www.thetruthaboutcars.com/2015/01/german-automakers-rally-support-us-eu-trade-agreement/ http://www.thetruthaboutcars.com/2015/01/german-automakers-rally-support-us-eu-trade-agreement/#comments Wed, 28 Jan 2015 15:00:17 +0000 http://www.thetruthaboutcars.com/?p=989578 Leaders from Germany’s automotive sector held a rally Wednesday in Berlin to lend support to a transatlantic trade agreement heavily facing opposition. Automotive News reports the agreement between the European Union and the United States, which is supported by the likes of Daimler AG’s Dieter Zetsche, Volkswagen AG’s Martin Winterkorn, and even Germany’s chancellor Angela […]

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Leaders from Germany’s automotive sector held a rally Wednesday in Berlin to lend support to a transatlantic trade agreement heavily facing opposition. Automotive News reports the agreement between the European Union and the United States, which is supported by the likes of Daimler AG’s Dieter Zetsche, Volkswagen AG’s Martin Winterkorn, and even Germany’s chancellor Angela […]

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Marchionne: New No. 1 Manufacturer Could Arise From Mergers http://www.thetruthaboutcars.com/2014/10/marchionne-new-1-manufacturer-arise-mergers/ http://www.thetruthaboutcars.com/2014/10/marchionne-new-1-manufacturer-arise-mergers/#comments Thu, 09 Oct 2014 14:00:34 +0000 http://www.thetruthaboutcars.com/?p=928018 Fiat Chrysler Automobiles CEO Sergio Marchionne — who will be retiring from the company after the next five-year plan runs its course after 2018 — believes mergers between automakers will one day result in a new No. 1 automaker. According to Bloomberg, the driving factor in creating an automaker above Toyota on the global manufacturer […]

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Fiat Chrysler Automobiles CEO Sergio Marchionne — who will be retiring from the company after the next five-year plan runs its course after 2018 — believes mergers between automakers will one day result in a new No. 1 automaker. According to Bloomberg, the driving factor in creating an automaker above Toyota on the global manufacturer […]

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Buffett Enters Dealership Business With Van Tuyl Group Purchase http://www.thetruthaboutcars.com/2014/10/buffett-enters-dealership-business-van-tuyl-group-purchase/ http://www.thetruthaboutcars.com/2014/10/buffett-enters-dealership-business-van-tuyl-group-purchase/#comments Mon, 06 Oct 2014 12:00:46 +0000 http://www.thetruthaboutcars.com/?p=926441 Warren Buffett — no relation to Jimmy — is a lot of things: investor extraordinaire, railroad magnate, newspaper mogul, hip-hop enthusiast et al. As of last Thursday, however, he picked up a new title: master auto dealer. Bloomberg reports Buffett’s Berkshire Hathaway purchased Arizona-based Van Tuyl Group, the largest privately owned auto dealership group in […]

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Warren Buffett — no relation to Jimmy — is a lot of things: investor extraordinaire, railroad magnate, newspaper mogul, hip-hop enthusiast et al. As of last Thursday, however, he picked up a new title: master auto dealer. Bloomberg reports Buffett’s Berkshire Hathaway purchased Arizona-based Van Tuyl Group, the largest privately owned auto dealership group in […]

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