[Ufficiale] Alleanza Fiat - Chrysler

[Guest EC2277]

Fiat/Chrysler: Ue valutera' accordo entro 29 luglio.

ROMA (MF-DJ)--La Commissione Europea ha fissato al 29 luglio il termine per decidere se dare il via libera Antitrust all'alleanza tra Fiat e Chrysler.

In base all'accordo, il Lingotto entrera' con il 20% nel capitale della nuova Chrysler, che al 67% sara' controllata dal sindacato United Auto Workers. In caso di raggiungimento di alcuni obiettivi industriali, Fiat dovrebbe salire per un ulteriore 15%, e ha un'opzione per acquisire un altro 16%, portando quindi la quota al 51%, quando Chrysler avra' rimborsato il debito con il Governo statunitense.

Fonte: MF Dow Jones - News Italia - Borsa Italiana

Modificato 30 Giugno 2009 da EC2277

[Quattro]

parola saggie, ma totalmente incompatibili con qualsiasi business plan moderno, e in particolare di ambiente "fiattaro".

Nonostante le prediche napoleoniche che tutto cambierà, alla fine la pressione è sempre e SOLO sui VOLUMI nel + breve tempo possibile a qualsiasi livello.

A volte mi sembra di vivere in una specie di Matrix, il mix tra mondo reale, mondo percepito e quotidianità professionale è devastante psicologicamente.

Il dramma è che cresciuti con questi fondamentali, pur io mantendo un sano egotismo onirico, ti ritrovi spesso a sostenere almeno alcune di quelle situazioni.

Il mondo dovrebbe rallentare, ma se rallentasse crollerebbe un sistema, e questo sistema è ancora la mammella principe di troppi avidi ed indegni succhiatori, ma soprattutto l'opinione pubblica OGGI non è più nelle condizioni di sostenere un "collasso" con conseguente riorganizzazione del trend.

In poche parole caro Lux scordati che si applichi il concetto di lento approccio con crescita costante... si sbarca, e si farà subito i conti con il Business Case, il Business Plan, il Target, il PO, le OCF, le CCF, l'Operative Profit, il Trading Profit, etc etc.

Il che significa, VENDI!!! o la tua sedia se la prende un altro che è + stronzo ed affamato di te e guadagna un terzo in meno lavorando un terzo in più (cioè non, visti i ritmi, non dorme, perchè è parente di Roy Batty / Rutger Hauer, compresa la scadenza...)

Parole sante che quoto in pieno.

In questo caso la situazione è a mio parere aggravata dalla posizione di Fiat che non ha certamente le spalle per sostenere nel tempo un'operazione di consolidamento e lenta crescita delle quote di mercato, con gli inevitabili (enormi) costi che ciò comporta. Ci saranno poi anche questioni legate alla credibilità nei confronti dell'establishment politico americano a cui bisognerà dimostrare rapidità e straordinaria efficienza a tutti i livelli per poter anche acquisire senza colpo ferire le quote di Chrysler oggi in mano al governo.

Non vorrei essere nel mangement di FGA in Usa, saranno tempi durissimi in cui verranno adottate certamente le peggiori politiche terroristiche. Anche in Chrysler oggi Marchionne dice di voler confermare circa il 90% del validissimo management ma appena le acque si saranno calmate credo che cominceranno a calare i colpi di scure a beneficio dei suoi fedelissimi, una politica che qualsiasi dittatore che si rispetti ha sempre adottato (e che per certi aspetti approvo...)

[daimlerchrysler]

Chrysler Slows Cash Losses After Restructuring, Marchionne Says

July 1 (Bloomberg) -- Chrysler Group LLC has stemmed the pace at which it uses cash after emerging from bankruptcy June 10 as a slimmer company, Chief Executive Officer Sergio Marchionne said.

Chrysler, which reorganized around what it considered its best assets and $6 billion in fresh financing from the U.S. and Canadian governments, went through $9.6 billion in cash in 2008.

“We are still burning cash, but it’s slowed down by far,” Marchionne said in an interview in New York yesterday. “The question is how quickly we can stop the bleeding. That is priority No. 1.” He declined to say how quickly the company is using cash.

Marchionne, also the CEO of Italian carmaker Fiat SpA, is seeking to fix Chrysler after two previous owners failed. He’s cutting inventory and adding new platforms and engine technology to redefine the product portfolio.

Fiat acquired 20 percent of the new Chrysler formed from the bankruptcy. Combined, they form the world’s sixth-largest carmaker with annual sales of 4.5 million vehicles.

Marchionne, who is pushing consolidation in the car industry because he expects only six global players to thrive in the long run, said he wants to disclose Chrysler’s financial information even though the automaker, based in Auburn Hills, Michigan, near Detroit, isn’t listed on any stock market.

“It would be very useful for the public, and the people who have funded us, including the taxpayers, to know how we’re doing,” he said. Marchionne said he is working with the U.S. Treasury to decide what information Chrysler might report and when.

Muscle Cars

By the end of the month, Marchionne wants to decide how the new company will manage its Dodge and Alfa Romeo brands, which he sees as American and European counterparts.

“The level of competition between these two brands is tremendous because they are both going after the same customer,” Marchionne said. “Dodge is the American muscle car, while Alfa Romeo is the European muscle car. How we dovetail these two brands is very important.”

One solution might be to sell Alfa Romeo models under the Dodge brand in the U.S. and Dodge cars as Alfa Romeos in Europe, Marchionne said. Executives at both Fiat and Chrysler have said they will build a new car in the U.S. based on the mechanical underpinnings of Alfa Romeo’s 149 that hasn’t gone on sale yet.

Meanwhile, Chrysler should be able to take control of its European dealer network, by September, Marchionne added. Certain operations are still controlled by Daimler AG, which owned Chrysler from 1998 to 2006, said Gualberto Ranieri, a Chrysler spokesman.

No Search

Marchionne, 57, said he isn’t searching for another partner in Europe or Asia even though his offer for General Motors Corp.’s Opel unit is coming up short. He said June 26 he won’t sweeten his bid to top front runner Magna International Inc.’s offer to buy the company, even though he’s still interested in the German brand.

“We don’t need to own the world,” he said.

The executive, who travels frequently between Detroit and Turin, Italy, where Fiat is based, said a plan to spin off or list the Italian company’s car-making operations has been put on hold since its bid for Opel isn’t moving forward.

‘We need a very clear industrial plan to get that done,” Marchionne said. “Opel would have been a real opportunity, which would have allowed us to get to 6 million units, but we’re not there yet.”

Managing Cash

Fiat doesn’t need cash, he said. The company met its operating profit and cash-generation objectives in the second quarter, Marchionne said. It plans to release results July 22, Ranieri said.

“We said our position was going to improve in the second quarter and it has,” said Marchionne. “We’re OK with operating profit, and we’re hopefully going to generate the level of cash flow that’s required.”

Marchionne said he expects Fiat to generate even more cash over the next 12 months as market conditions improve.

“These things are great cash machines when production runs,” Marchionne said. “When they don’t run, they are huge cash absorbers. One of the things we’ve shown we know how to do is manage operating leverage.”

If Fiat decides to issue bonds, it would be to lengthen maturities on its debt, not for getting fresh cash, he said. Fiat has about 4.5 billion euros of debt coming due this year.

Fiat gained 1 cent yesterday to 7.16 euros. Its shares have risen 56 percent this year.

The Italian automaker is close to selecting a new candidate to replace former Mobil Corp. CEO Lucio Noto as its third representative on Chrysler’s board, Marchionne said. Noto had a conflict with his role as a director at Penske Automotive Group Inc., which has signed a memorandum of understanding to acquire the Saturn brand from GM, making it a potential competitor to Chrysler.

Marchionne said he is still interviewing candidates, and a choice could be made today or tomorrow. Marchionne and another Fiat executive, Alfredo Altavilla, are the Italian automaker’s other two board representatives.

[select]

Chrysler Slows Cash Losses After Restructuring, Marchionne Says

July 1 (Bloomberg) -- Chrysler Group LLC has stemmed the pace at which it uses cash after emerging from bankruptcy June 10 as a slimmer company, Chief Executive Officer Sergio Marchionne said.

Chrysler, which reorganized around what it considered its best assets and $6 billion in fresh financing from the U.S. and Canadian governments, went through $9.6 billion in cash in 2008.

“We are still burning cash, but it’s slowed down by far,” Marchionne said in an interview in New York yesterday. “The question is how quickly we can stop the bleeding. That is priority No. 1.” He declined to say how quickly the company is using cash.

Marchionne, also the CEO of Italian carmaker Fiat SpA, is seeking to fix Chrysler after two previous owners failed. He’s cutting inventory and adding new platforms and engine technology to redefine the product portfolio.

Fiat acquired 20 percent of the new Chrysler formed from the bankruptcy. Combined, they form the world’s sixth-largest carmaker with annual sales of 4.5 million vehicles.

Marchionne, who is pushing consolidation in the car industry because he expects only six global players to thrive in the long run, said he wants to disclose Chrysler’s financial information even though the automaker, based in Auburn Hills, Michigan, near Detroit, isn’t listed on any stock market.

“It would be very useful for the public, and the people who have funded us, including the taxpayers, to know how we’re doing,” he said. Marchionne said he is working with the U.S. Treasury to decide what information Chrysler might report and when.

Muscle Cars

By the end of the month, Marchionne wants to decide how the new company will manage its Dodge and Alfa Romeo brands, which he sees as American and European counterparts.

“The level of competition between these two brands is tremendous because they are both going after the same customer,” Marchionne said. “Dodge is the American muscle car, while Alfa Romeo is the European muscle car. How we dovetail these two brands is very important.”

One solution might be to sell Alfa Romeo models under the Dodge brand in the U.S. and Dodge cars as Alfa Romeos in Europe, Marchionne said. Executives at both Fiat and Chrysler have said they will build a new car in the U.S. based on the mechanical underpinnings of Alfa Romeo’s 149 that hasn’t gone on sale yet.

Meanwhile, Chrysler should be able to take control of its European dealer network, by September, Marchionne added. Certain operations are still controlled by Daimler AG, which owned Chrysler from 1998 to 2006, said Gualberto Ranieri, a Chrysler spokesman.

No Search

Marchionne, 57, said he isn’t searching for another partner in Europe or Asia even though his offer for General Motors Corp.’s Opel unit is coming up short. He said June 26 he won’t sweeten his bid to top front runner Magna International Inc.’s offer to buy the company, even though he’s still interested in the German brand.

“We don’t need to own the world,” he said.

The executive, who travels frequently between Detroit and Turin, Italy, where Fiat is based, said a plan to spin off or list the Italian company’s car-making operations has been put on hold since its bid for Opel isn’t moving forward.

‘We need a very clear industrial plan to get that done,” Marchionne said. “Opel would have been a real opportunity, which would have allowed us to get to 6 million units, but we’re not there yet.”

Managing Cash

Fiat doesn’t need cash, he said. The company met its operating profit and cash-generation objectives in the second quarter, Marchionne said. It plans to release results July 22, Ranieri said.

“We said our position was going to improve in the second quarter and it has,” said Marchionne. “We’re OK with operating profit, and we’re hopefully going to generate the level of cash flow that’s required.”

Marchionne said he expects Fiat to generate even more cash over the next 12 months as market conditions improve.

“These things are great cash machines when production runs,” Marchionne said. “When they don’t run, they are huge cash absorbers. One of the things we’ve shown we know how to do is manage operating leverage.”

If Fiat decides to issue bonds, it would be to lengthen maturities on its debt, not for getting fresh cash, he said. Fiat has about 4.5 billion euros of debt coming due this year.

Fiat gained 1 cent yesterday to 7.16 euros. Its shares have risen 56 percent this year.

The Italian automaker is close to selecting a new candidate to replace former Mobil Corp. CEO Lucio Noto as its third representative on Chrysler’s board, Marchionne said. Noto had a conflict with his role as a director at Penske Automotive Group Inc., which has signed a memorandum of understanding to acquire the Saturn brand from GM, making it a potential competitor to Chrysler.

Marchionne said he is still interviewing candidates, and a choice could be made today or tomorrow. Marchionne and another Fiat executive, Alfredo Altavilla, are the Italian automaker’s other two board representatives.

chi fa un riassunto in italiano?

[<<Scarface>>]

chi fa un riassunto in italiano?

La notizia si trova anche IN Italiano...

Fiat, spin-off auto sospeso dopo alt Opel - AD a stampa

Reuters - 01/07/2009 11:21:04

MILANO, 1 luglio (Reuters) - Il progetto di spin-off dell'auto del gruppo Fiat (F.MI) e di quotazione in borsa è sospeso visto l'esito negativo dell'offerta per Opel.

Lo ha detto l'Ad di Fiat, Sergio Marchionne, in una intervista a Bloomberg aggiungendo che il Lingotto, che ha portato a termine l'operazione di alleanza con Chrysler, non ha bisogno di liquidità e che ha raggiunto gli obiettivi di utile operativo e di generazione di cassa per il secondo trimestre.

"Abbiamo bisogno di un piano industriale molto chiaro per farlo. Opel sarebbe stata una vera opportunità che ci avrebbe permesso di raggiungere 6 milioni di vetture, ma non ci siamo ancora", ha detto Marchionne relativamente al piano di scorporo delle attività dell'auto.

Sui risultati del secondo trimestre, che saranno diffusi il prossimo 22 luglio, l'Ad ha detto che, come già annunciato, l'obiettivo "era di migliorare nel secondo trimestre e cosi è stato. Siamo ok con l'utile operativo e abbiamo buone speranze che genereremo il livello di cash flow che è richiesto".

Se nei prossimi 12 mesi le condizioni di mercato miglioreranno, Fiat potrebbe generare anche più liquidità, ha aggiunto.

Un'eventuale emissione di bond sarebbe motivata solamente dall'obiettivo di allungare la maturità del debito non di raccogliere nuovo cash, ha precisato Marchionne.

Nei giorni scorsi su alcuni giornali si è fatta l'ipotesi di una emissione obbligazionaria a breve, ipotesi che Marchionne aveva bollato come "indiscrezioni".

Sul fronte di nuove alleanze il numero uno del Lingotto ha detto di non essere alla ricerca di un altro partner in Europa o Asia dopo che non è stata accettata l'offerta per Opel di GM Europe.

Relativamente alla nuova avventura americana Marchionne assicura che Chrysler ha rallentato il ritmo con il quale brucia liquidità dopo l'accordo di alleanza strategica siglata lo scorso 10 giugno e che ha portato Fiat ad avere il 20% della nuova Chrysler nata dal fallimento con la possibilità di aumentare gradualmente la quota fino al 35%.

"Stiamo ancora bruciando liquidità, ma ad un ritmo molto più lento. La domanda è quanto velocemente potremo arrestare l'emorragia. Questa è la priorità numero 1", ha sottolineato.

Sotto il profilo del business auto Marchionne dice che entro la fine del mese ha intenzione di prendere delle decisioni sulla gestione dei marchi Dodge e Alfa Romeo che definisce le 'muscle car' rispettivamente in Usa e Europa.

"Il livello di concorrenza tra questi due brand è fortissimo, perchè entrambi puntano allo stesso cliente. Dodge è la 'muscle car' americana, mentre Alfa Romeo lo è in Europa. Il modo in cui incastreremo i due marchi è molto importante".

Una soluzione, spiega Marchionne, potrebbe essere quella di vendere i modelli Alfa Romeo sotto il marchio Dodge negli Stati Uniti e le auto Dodge come Alfa Romeo in Europa.

[_hainz]

Il fatto di mettere mettere assieme Dodge e Alfa mi fà letteralmente rabbrividire!

Per me Alfa in America deve competere con Bmw, Audi (in crescita e tra poco costruirà anche là) e Mercedes con auto più europee nelle dimensioni e con finiture da europee, mentre Dodge è la classica vettura muscle car americana dal basso costo, grande e dalle finiture buone, ma non eccelse...che poi sotto sotto Dodge e Alfa siano sulla stessa base (ma magari con lunghezze differenti) è un altro discorso...

[effecube]

Alfa Hornet

[_hainz]

Alfa Hornet

Rabbrividiamo.....

[J-Gian]

Il fatto di mettere mettere assieme Dodge e Alfa mi fà letteralmente rabbrividire!

Potrebbe anche succedere un rimarchiamento per alcuni modelli, ma non penso rinunceranno al Marchio Alfa in USA a favore di Dodge...

[effecube]

Rabbrividiamo.....

Brrrrrrrrrrrrr! Brrrrrrrrrrrrrrrrrr! Brrrrrrrrrrrrrr!

(Marina Massironi & i Bulgari )