Scelte strategiche FCA (Piano industriale 2018 da pag 97)

[xtom]

Per me la Panda non dovrebbe aumentare di dimensioni, perché poco sopra con forme squadrate ci sarà la mini Jeep, in pratica la Panda 4x4 sarà la micro Jeep.

 

Analogo discorso per la 500, 500+ e 500X che dovrebbero essere spaziate con analoghe dimensioni

 

Segmento	Tondeggiante	cm	Squadrata	cm
A	500	357	Panda	365
B	500+	392	Willys	395
C	500X	427	Renegade	425

[4200blu]

Un commento a Automotive News Europe:

http://europe.autonews.com/article/20181127/BLOG15/181129849/will-fcas-dividend-come-at-the-expense-of-investments

Will FCA's dividend come at the expense of investments?

November 27, 2018 06:01 CET di ANDREA MALAN

 

Next year Fiat Chrysler Automobiles will earn 6 billion euros ($6.8 billion) from its sale of supplier Magneti Marelli to U.S. investor KKR & Co.

FCA has said it will use part of the sum to pay shareholders a one-time dividend of 2 billion euros ($2.3 billion). It also plans to pay a regular dividend of 20 percent of its net profit — the first such dividend since the company was created in 2014. So if the net profit reaches the company target of 5 billion euros ($5.7 billion) this year, the regular dividend will be 1 billion euros ($1.1 billion). That would bring the 2019 total payout to 3 billion euros ($3.4 billion).

The big payout comes at a crossroads in the life of FCA. With the late CEO Sergio Marchionne at the helm, the company reduced net debt to zero, thanks to cost cuts, the recovery of the U.S. market and the strong growth of the Jeep and Ram brands.

However, cost cutting has come in part at the expense of investments in new products and technologies.

Those cuts have hit FCA brands Fiat, Chrysler and Dodge the hardest. In Europe, for example, Fiat launched only five of eight planned new models in the 2014-18 business plan. A replacement of the Punto small car and a compact crossover have been canceled, and the new Panda minicar has been postponed until at least 2020.

In the United States, Chrysler and Dodge suffered from the market’s shift from sedans. Production of the Chrysler 200 and Dodge Dart was terminated; the Chrysler 100 and its Dodge sibling were canceled from plans. Also canceled were two Chrysler crossovers.

Delays and cancellations also affected Alfa Romeo and Maserati. Alfa so far has launched only two models out of the eight included in the 2014-18 business plan. For Maserati, three nameplates out of six are missing.

For both brands, some models have been shifted to the 2018-22 plan.

Fiat unions expect the company soon to commit to producing new models in Italy to fill underutilized plants and lift profit margins in Europe

The plans under consideration include Jeep Compass production at Fiat's Melfi plant in southern Italy, which already produces the Jeep Renegade, to replace the discontinued Fiat Punto. The Pomigliano factory near Naples will get the new "baby" Jeep, smaller than the Renegade.

The Mirafiori plant in Fiat's hometown of Turin may be chosen to assemble the new electric Fiat 500 and a Fiat 500 Giardiniera wagon, union sources told Reuters.

A new SUV is planned for Alfa Romeo, bigger than the Stelvio and based on the Maserati Levante. It could be built in Mirafori on the Levante line. Maserati's sporty Alfieri model will likely be made in the brand's hometown of Modena, the sources said.

 

Too little, too late?

But the new vehicles could be too few and too late for the Fiat, Alfa Romeo and Maserati brands, whose sales and profits have been badly hit by a lack of fresh products.

FCA also trails competitors in new technologies and electrification. The company sells the battery electric Fiat 500 in California but still has only one hybrid model in the range — the Chrysler Pacifica plug-in hybrid, sold just in North America. Mild-hybrid versions of the Ram 1500 pickup have been launched this year, but no other electrified vehicle is coming to the market before 2020.

The 2018-22 plan envisions “over 30 nameplates to utilize one or more EV systems by 2022.”

Despite the need to catch up, just as other rivals are stepping on the gas, FCA has slammed on the brakes. Capital expenditures were cut to 4.2 billion euros ($4.8 billion) in the first nine months of 2018 from 6.5 billion ($7.4 billion) in the same period of 2017.

Finance chief Richard Palmer said FCA “has had some timing changes in the program, but in Q4 we’ll be back to a sort of a normal run rate going into 2019.” CEO Mike Manley tried to reassure analysts, saying that the more than 9 billion euros ($10.3 billion) of investments in electrification included in the 2018-22 plan “are nonnegotiable.”

Some analysts are convinced that FCA needs to keep most of the Marelli money in its coffers.

“What’s the rush to push that kind of cash out? There’s a lot of uncertainty on the cycle and on investment,” John Murphy of Bank of America Merrill Lynch said during the conference call to discuss FCA’s third-quarter financial results. Palmer and Manley made it clear that shareholders expected to get value from Magneti Marelli in case of a spinoff, and they are getting value from the dividend.

Is the commitment to remunerate shareholders a sign that FCA executives are more interested in cash now than a solid company in the future? Does it mean FCA will be sold — in pieces or as a whole?

To a question from a financial analyst about possible mergers, Manley said that once the Magneti Marelli sale closes, FCA “is in a much stronger position than it has been in the past. Our aim is to complete our five-year plan and deliver our commitments as an independent carmaker.”

After many years during which Marchionne tried unsuccessfully to find a partner for FCA, the automaker might now have chosen the opposite strategy: downplay the need to find a partner in order to finally find one

[gpat]

On 27/11/2018 at 15:23, Bertoz scrive:

Non sapevo nemmeno di Aygo, C1 e 108. Che non sia forse dovuto ai cambi di partnership dei vari gruppi?

Quindi, per via degli obblighi tecnologiche dovuti a nuove normative, i prezzi delle segmento A si alzano sempre piu'.

 

E' vero che una segmento B puo' diventare una valida alternativa, ma e' anche vero che ci sono ancora molti che preferiscono le dimensioni di una segmento A, dovuto anche al luogo di residenza/domicilio, o per l'utilizzo dell'auto.

  

In questo senso, Fiat parte vantaggiata perche' in 11 anni e' riuscita a dettare legge con la 500, visto che con i prezzi proposti (non proprio economici) ha sempre venduto piu' del dovuto.

Siccome hanno gia' detto che l'erede di Panda ci sara', bisognera' vedere se sara' un'evoluzione del modello attuale (che e' gia' un'evoluzione della serie precedente lanciata nel 2003) oppure un concetto del tutto nuovo (come qualche voce ha pressapoco anticipato recentemente).

 

Una Up la frenata automatica ce l'ha di serie dalla versione base anche oggi.

Credo che almeno questa ce l'avrà un seguito, a maggior ragione dopo la scomparsa di Smart e Opel non credo che la produzione tedesca voglia rimanere senza citycar in toto.

[justjames]

25 minuti fa, 4200blu scrive:

Un commento a Automotive News Europe:

http://europe.autonews.com/article/20181127/BLOG15/181129849/will-fcas-dividend-come-at-the-expense-of-investments

Will FCA's dividend come at the expense of investments?

November 27, 2018 06:01 CET di ANDREA MALAN

 

Next year Fiat Chrysler Automobiles will earn 6 billion euros ($6.8 billion) from its sale of supplier Magneti Marelli to U.S. investor KKR & Co.

FCA has said it will use part of the sum to pay shareholders a one-time dividend of 2 billion euros ($2.3 billion). It also plans to pay a regular dividend of 20 percent of its net profit — the first such dividend since the company was created in 2014. So if the net profit reaches the company target of 5 billion euros ($5.7 billion) this year, the regular dividend will be 1 billion euros ($1.1 billion). That would bring the 2019 total payout to 3 billion euros ($3.4 billion).

 

Ricordo al fenomeno che FCA non ha mai remunerato gli azionisti da quando è stata creata e quotata in borsa.

 

Magari sarebbe anche giunta l'ora di farlo, visto che da quest'anno il debito è stato azzerato ed ora la cassa è positiva...

[Marco1975]

Malan da anni spara a zero su FCA.

Decine di articoli che preannunciavano disgrazie , svendite e fallimenti.

Vediamo domani cosa sarà prodotto nei 18 mesi prossimi.

Quello che manca più di tutto è il C suv Alfa (senza parlare del restyling giulietta). Benissimo miniJeep, Compass, 500 elettrica e megaStelvio, ma Alfa non terrà altri 2+ anni senza un C suv.

[KimKardashian]

Ma che senso ha produrre le 500 elettriche a Mirafiori? Cioe inviano le auto dalla Polonia e ci mettono motore elettrico e batterie? Ma poi che volumi? 

[4200blu]

qui a Mirafiori alla linea ex-MiTo sono abituati a cifre piccolissime di 30-50 uniti al giorno, cosi perfetto per una 500e ??

[iDrive]

1 ora fa, KimKardashian scrive:

Ma che senso ha produrre le 500 elettriche a Mirafiori? Cioe inviano le auto dalla Polonia e ci mettono motore elettrico e batterie? Ma poi che volumi? 

Si e detto che 500e avrà una base specifica...

[iDrive]

Intanto, Jeep Wrangler e RAM 1500 sono SUV e Truck of the year in USA.

 

Anche Marchionne e stato « laureato ».

[noospy]

3 ore fa, iDrive scrive:

Si e detto che 500e avrà una base specifica...

Speriamo.. così che abbia senso e non sia una cagata come le Mercedes EQ