Tag: merger

By on June 23, 2016

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It was a little terrifying watching the question-and-answer session near the end of Tesla’s livestreamed annual shareholder’s meeting, and it wasn’t just the lady asking about goji berries.

All of the speakers — well, the majority of them — seemed to possess a stratospheric level of admiration for Tesla CEO Elon Musk. Like religious (or political) disciples, the trust they placed in the man’s brilliance and decision-making abilities seemed limitless.

Well, after this week’s announcement that Tesla is offering to buy SolarCity — a solar energy provider co-founded and chaired by Musk — cracks are forming in his circle of supporters, especially in the financial realm. (Read More…)

By on January 7, 2016

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Regulators may rain on Elio’s parade even before they got started.

That, Volvo takes a serious stab at full-size luxury conventional wisdom, the big get bigger and Ford’s hybrids only go so far … after the break!

(Read More…)

By on January 4, 2016

Sergio Marchionne. Photo courtesy Toledo Blade.

Fiat Chrysler Automobiles chief Sergio Marchionne told Bloomberg on Monday that his company likely wouldn’t merge with another automaker before his tenure is up in 2018.

The chief executive publicly courted General Motors in 2015 to merge two of the Big Three. GM CEO Mary Barra publicly refuted that partnership, and Marchionne seems to have gotten the hint.

“I met Mary Barra less than a month ago in Washington,” Marchionne told Bloomberg. “I don’t think I will have another coffee with her. It won’t happen again in the future.”

(Read More…)

By on September 1, 2015

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Farmers are the ultimate craftsman when it comes to small-scale production. The level of management needed to stay competitive and above the high water line is, simply put, astounding. Consolidation in certain areas of agriculture has lead to factory farming, the widespread adoption of automation and genetically modified seeds that keep seed producers competitive. Private farmers are constantly at war with the market and their own budgets.

The agriculture industry has wholly transformed itself over the last 100 years. The automotive industry, which has only really existed for that same period of time, has seen similar levels of change. We are now building more cars, trucks, SUVs, crossovers, trikes and quadracycles than ever before, just like we are growing more food than we’ve ever seen in human history.

But, there’s one major stumbling block ahead — and Sergio Marchionne sees it.

(Read More…)

By on July 7, 2015

Photo courtesy Honda

New Honda CEO Takahiro Hachigo told media Monday that the automaker wouldn’t aim for a specific global sales figure to drive growth and would be open to partnerships with other automakers, Automotive News reported.

The speech also emphasized sharing global manufacturing resources within Honda’s six regional divisions and to create “challenging products.” (Which may or may not — probably not — mean “Challenger.”)

(Read More…)

By on May 25, 2015

sergio-marchionne

Sergio Marchionne sent Mary Barra a detailed email in the middle of March in an effort to start merger talks. Barra, CEO of General Motors, was uninterested in the offer and rebuffed Marchionne, CEO of Fiat Chrysler Automobiles.

It was the first time the two executives had ever spoken, but it wouldn’t be the last Barra would hear of Marchionne’s merger desires.

That’s the story being told by the New York Times today, detailing the lengths to which Marchionne is going to trigger consolidation within the automotive industry.

(Read More…)

By on July 21, 2014

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Despite repeated denials from all parties, I’ve yet to give up on the idea that Volkswagen and FCA will eventually come together in an, ahem, Auto Union of sorts. Tim Cain’s chart shows us why there are synergies for both parties.

(Read More…)

By on October 16, 2012

Ratings firm Fitch released a memo Tuesday outlining some possible problems relating to the proposed GM-PSA merger.

(Read More…)

By on October 2, 2011

 

Or was it GM that proposed? “General Motors Co. Chief Executive Officer Rick Wagoner secretly proposed a merger with Ford Motor Co. in 2008, a year before GM’s bankruptcy filing, the New York Times reported.” That explosive revelation is made today by Bloomberg.  And OMG, Rick Wagoner turned down the deal! Isn’t anything secret sacred anymore?

Of course, TTAC goes straight to the source. Here it is! In the New York Times! (Read More…)

By on October 19, 2010

A lot of people assume Porsche and Volkswagen have long been united. Well they kind of are. They make cars together. They share management. Winterkorn is also Boss of Porsche SE. Former Volkswagen strategist Matthias Müller is now CEO of Porsche. Go to any tradeshow: Porsche is where Volkswagen, Audi, Seat, Skoda, Bugatti etc. are. Porsche and Volkswagen are united in everything but the final signature. And that may wait a little longer. (Read More…)

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