VW Pumps the Brakes On Porsche Going Public, Eyeballs Job Cuts

Back in February, there was some buzz that Volkswagen Group was seriously considering spinning off the Porsche brand or at the very least listing it on the stock exchange. While the rumors technically go back further than that, it wasn’t until early 2021 that outlets started citing anonymous sources claiming VW felt it had become too bloated with brands and wanted to shake loose some money whilst streamlining the organization.

Not so, says Volkswagen CEO Herbert Diess. It always seemed suspect that the manufacturer would offload what has consistently become one of its most profitable brands, though an IPO didn’t seem out of the question considering how ridiculously well it has worked for other entities underpinned by hype (valid or otherwise). Diess has indicated that neither scenario looks plausible anymore, stating that VW isn’t all that interested in surrendering any amount of control right now.

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Breaking Up Isn't Hard to Do: Fiat Chrysler Announces Parts Division Spin-off

As Magneti Marelli prepares for its 100th birthday next year, the Italian parts supplier can expect to mark the occasion while newly single.

In a bid to streamline its operations, Fiat Chrysler Automobiles has announced it is moving forward with a plan to spin off the weighty subsidiary. The split should be complete by the end of this year or early next.

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No One's Kicking the Tires on Fiat Chrysler, Marchionne Says

He came to watch a race, but Fiat Chrysler Automobiles CEO Sergio Marchionne took some time out from a busy Saturday at the Italian Formula One Grand Prix to squash some rumors.

You know the ones. Reports emerged last month that Chinese automakers were hanging around FCA’s door, just waiting for a chance to sweep the company off its feet. An unnamed company pitched a buyout offer, the story goes. Not high enough, FCA allegedly responded. Another company, Great Wall Motors, isn’t interested in FCA, just its lucrative and growth-poised Jeep division.

Is a Chinese-Italian-American automaker in the works? Will the buck one day stop in Beijing or Shanghai, instead of at the desks of Auburn Hills executives? Hardly, says Marchionne. No one wants to dance with FCA.

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Jeep's Probably Too Important to Spin Off, but Other Brands Could Get the Heave-ho: Report

So, a Chinese automobile manufacturer, Great Wall Motors, would totally love it if Fiat Chrysler Automobiles flung the Jeep brand its way. Who wouldn’t? In the mid-1980s, Jeep was the ruby in AMC’s crown, and its new (and highly profitable) Cherokee line had Chrysler Corporation chairman Lee Iacocca salivating at the thought of where he could take the brand if given the chance.

Three decades later and Jeep is FCA’s biggest asset, not just due to current volume, but future volume in untapped markets. CEO Sergio Marchionne wants people the world over to drop what they’re doing and buy a Jeep. Having global Jeep models that are popular in numerous regions would act as a hedge against trouble in, say, North America, where its Chrysler, Dodge and Fiat brands aren’t exactly setting sales charts on fire.

Too big to spin off? Perhaps, but other brands in the FCA fold aren’t nearly as indispensable. With no corporate sugar daddy waiting in the wings with a checkbook, the automaker is reportedly considering spinning off a couple of brands, a new report claims.

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Volvo Makes It Official: Polestar to Become a Standalone Brand

Think of it as a green brand known for producing some very blue cars. Polestar, Volvo’s performance wing, will be spun off into an electrified automaker under a new plan from the Swedish car manufacturer.

Expected to do battle with the likes of Tesla and BMW’s i sub-brand, future Polestars — like their gasoline-powered predecessors — will stake out space in the performance arena, only this time in a different niche.

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Ferrari To Pay $2.8B For Its Freedom From FCA

Set to be its own master within a year’s time, Ferrari must first pay its dues before freedom calls, all to the tune of €2.25 billion ($2.8 billion USD).

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  • 28-Cars-Later Can we end debt slavery next? Its getting to the point where its no longer voluntary.
  • Carson D Honda and Toyota still make the best American cars.
  • Slavuta I just though, with this rate we could make Cinco De Mayo a national holiday as well. Since we have tens of millions of American Mexicans, and probably more than African Americans
  • Wjtinfwb Well, it LOOKS pretty great for 36 years old and 356k miles! I've seen plenty of 2 decade newer trucks that looked like a shrapnel bomb went off inside and and exterior that looked worse. This owner got everything out of that truck it had. Time to let it retire to the farm.
  • Wjtinfwb Stellantis. They've gone from Hero to Zero in 24 months with some really stupid decisions and allowing politicians to influence their business. They also hung onto old products way too long and relied on RAM and Jeep to pull them through. RAM plays in the most competitive market of all, full-size trucks and competition is brutal with Ford and GM keeping their foot to the floor on development and improvement. Chrysler now has one model, a 5 year old van. Dodge made a living off old cars with stupendous power, that's gone with the mothballing of the Hemi. The Hornet is an overpriced joke. Now they have new Durango Pursuit's self-destruction because of a plastic oil cooler that self destructs and dumps oil into the coolant lunching the engine. Grand Cherokee, a staple of Jeep has not been well received and has limited power options due to canning the Hemi. Now they've got to build interest around the Hurricane turbo in-line 6 in trucks, Charger's and Jeeps. If that engine turns out to be problematic its likely lights out in Sterling Heights.