[FCA] Sergio Marchionne - Riflessioni sulla necessita di aggregazioni nel settore

[fxtech]

scusate se ho poco tempo per fare un post decente , ma ci tenevo ad aprire questa discussione e che il maggior numero di utenti leggesse questa presentazione

http://www.fcagroup.com/en-US/investor_relations/events_presentations/quarterly_results_presentations/SM_Fire_investor_presentation.pdf

[Guest EC2277]

"Ne rimarranno soltanto 6."

Bene ora che l'ho scritto, posso passare a leggere l'articolo.

[Ospite]

Chissà se la testa di Piech non sua stata chiesta da...

[Wilhem275]

Chi ha scritto questa cosa è uno squilibrato, ma ha ragione non ho mai letto qualcosa di così scanzonato proveniente dal mondo automotive...

[Beckervdo]

Ma è creata ad hoc per il 1° aprile 2016, vero?

[pennellotref]

Quest'uomo è un genio del male !!!!! Ma..................imho ha ragione !!!!!!!!!!

P.S.:beccateve questo:

http://www.autonews.com/article/20150429/OEM01/150429763/marchionne-argues-if-automakers-wont-consolidate-the-market-should

Marchionne argues if automakers won't consolidate, the market should make them

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[TD]Marchionne: “The capital consumption rate doesn't deliver value to the consumer, and in its purest form, is pure economic waste. It's just bizarre."[/TD]

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Larry P. Vellequette

April 29, 2015 - 3:19 pm ET

Sergio Marchionne, CEO of Fiat Chrysler Automobiles, argued today that major automakers need to stop wasting billions developing the same products and start working together.

And if automakers won’t consolidate voluntarily, then the capital markets should force change upon them, the FCA boss said during a marathon conference call with analysts.

“There is a fundamental problem that can’t be ignored,” Marchionne said from Brazil, where FCA just opened a plant to build the Jeep Renegade and up to two other models.

He said the industry -- excluding manufacturers in China -- is burning 2 billion euros a week developing vehicles and components that are largely similar. Those costs could be shared, and the capital saved and returned to shareholders, through consolidation within the industry.

“We need to find a way to abandon this path, and effectively go straight,” Marchionne argued.

Marchionne singled out Toyota Motor Corp. and Volkswagen Group as being the most effective among mass market automakers at returning value to shareholders through effective use of capital. But he said even the performance of those companies pales next to other industries, which is not a long-term trend that the industry can endure.

“The capital consumption rate doesn’t deliver value to the consumer, and in its purest form, is pure economic waste. It’s just bizarre,” Marchionne said.

In an analysis he titled “Confessions of a Capital Junkie,” Marchionne said automakers could potentially share 40 to 50 percent of vehicle development costs, returning 2.5 billion to 4.5 billion euros of capital every year.

To illustrate his point, he noted four-cylinder engine development, which cost each automaker billions with a negligible impact on buying decisions.

“Consumers could not give a flying leap,” about whose four-cylinder engine is in a vehicle, he argued.

Marchionne has been loudly courting potential global partners for FCA for several months, without success. But he ran into a stiff headwind from analysts on the call when he suggested that the capital markets could force automakers to change their ways or consolidate.

“The capital markets are not going to be able to do anything like this,” argued analyst Max Warburton, of Sanford C. Bernstein & Co., a respected industry analyst in London who issued a report on FCA’s low profit margins last month. “There are probably five or 10 men [in the auto industry] that are able to do this, and you probably have them all on speed dial.”

The extended exchange between Marchionne and Warburton grew testy at times.

Marchionne said: “Don’t shy away from your obligation. Your obligation at the end of the day is to direct the flow of capital. That’s what you do for a living. I make cars, you direct capital. Own the responsibility, Max.

“I think the capital markets need to take responsibility for forcing capital in a responsible way. In the way you wrote it, you’ve relegated us to a valuation that is obscene,” Marchionne added. “How far down the food chain do we need to go to be embarrassed?”

Elsewhere on the call, FCA:

• Acknowledged its pricing action last month that increased the wholesale prices of its vehicles to dealers but didn’t raise the sticker prices.

• Said it is working to “improve the mix” in its pickup offerings to boost profits, and is working to remove what CFO Richard Palmer called “deep bottlenecks” in its supply base that are restricting certain pickup sales. Palmer did not indicate what components he was referring to, but Ram brand head Bob Hegbloom has said the brand plans to expand its profitable light-duty diesel offerings to 20 percent of its half-ton mix.

Lo dico ? Lo dico........... Considerando che tra i costruttori più importanti del mondo che io sappia solo uno non è controllato da famiglie e/o stati, ma da puri investitori finanziari, fossi Mary Barra comincerei a sentirmi scappare la sedia da sotto le chiappe.........

[airdominance]

A cosa dobbiamo tutto questo attivismo da parte di Marchionne riguardo a questo tema nell'ultimo periodo???

[fxtech]

A cosa dobbiamo tutto questo attivismo da parte di Marchionne riguardo a questo tema nell'ultimo periodo???

crdeo la voglia di essere ricordato nei libri di storia , già adesso la fusione fiat chrysler viene usata come caso di studio nei corsi universitari

[Kippur]

crdeo la voglia di essere ricordato nei libri di storia , già adesso la fusione fiat chrysler viene usata come caso di studio nei corsi universitari

Dubito gliene importi.

Ha bisogno di joint venture e collaborazioni per i nuovi modelli generalisti, per questo soffia sul fuoco delle condivisioni appellandosi anche a chi tiene i cordoni delle borse che finanziano le altre generaliste..

[TonyH]

C'è una slide che trovo angosciante.

Che a causa dell'evolversi delle normative ogni 4 anni devono ficcare dentro in sviluppo l'equivalente del valore dell'azienda.

Se non si arresta un attimo questa smania, tra euro, euroncap e "auto elettrica e/o autonoma" non avremo 6 costruttori. Non ne avremo più nessuno occidentale....