Scelte strategiche FCA (Piano industriale 2018 da pag 97)

[vince-991]

Fca, accordo con i sindacati (Fiom compresa) per la ripartenza

Obbligo di mascherina per l'intero personale, rilevazione delle temperature prima dell'ingresso in azienda, mantenimento della distanza di almeno un metro, sanificazione degli ambienti, procedure per evitare assembramenti nelle mense e negli spogliatoi, uso dello smart working e formazione del personale. Sono alcune delle misure previste dall'accordo tra Fca e sindacati metalmeccanici per affrontare la fase 2 dell'emergenza.

 

https://www.repubblica.it/economia/finanza/2020/04/09/news/fca_accordo_con_i_sindacati_fiom_compresa_per_la_ripartenza-253582755/?ref=RHPPTP-BH-I253574164-C12-P3-S2.4-T1

[Bare]

John Elkann's letter

 

In the early weeks of 2020, we became aware from our colleagues and partners in China of the spread of a new coronavirus and the nature and impact of the containment measures being taken. However, we had little idea at that time of the profound consequences that Covid-19 would soon have on the rest of the world.
Italy was the first country outside of Asia to be badly hit by the virus, which has made those of us who live and work here feel like we have been experiencing other countries’ potential futures for the past six weeks. The nation’s health has become the priority for all of us during this period and the government’s strong lockdown measures have been matched by an extraordinary and inspiring demonstration of responsibility and community from those living here.

Despite the difficulties and discomfort that social distancing creates, we have seen people provide psychological, practical and financial support to those at risk and in greatest need while families, friends and colleagues have all been confronted, sometimes in the most tragic of ways, with the realities of this pandemic.
My sincere condolences go to all those who have lost loved ones to this cruel disease. I would also like to pay tribute to the countless heroic acts of the doctors, nurses and other medical staff who are protecting us all and saving countless lives. The dedication and selflessness shown by everyone working in essential services has been just as inspiring. These measures are beginning to show some results, with Italy seeing signs of a reduced level of contagion.
These glimmers of hope suggest that we will eventually be able to start a return to some kind of normality. But there can be no arbitrage between people’s health and the health of the economy. Without the former we can never have the latter. During this crisis we have been doing all we can to protect our companies, conscious that when our economies reopen, they will be in the front line of ensuring that our communities and countries can begin to recover. We have been doing this in a number of ways:

• We have ensured that each company has established a clear and effective pocess for managing the crisis, with increased board interaction and frequent internal communication.
• We have made the protection of people’s health, their employment and their livelihoods the primary concern for all our companies. The issues they face are very different – for example FCA, Ferrari and CNHI have all had to temporarily close their plants while our media companies
• have been grappling with the challenges of providing high quality reporting while working remotely – but this does not change the priority that they are all placing on protecting their people.
• We have ensured that all of our companies are focused on business continuity.
• This has included detailed assessments of their liquidity positions, taking actions to reduce cash outflows and ensuring effective access to financing through debt markets and banking partners, with the crisis being a good reminder of who these partners really are. Each company has also looked at ways to reschedule its investments and reduce costs. However, mindful of the businesses’ longterm health, we have emphasised the need to maintain essential investments and to support our partner companies, including critical suppliers and dealers.

 

These have been challenging days and weeks for us all and we know the ripples from this crisis will likely continue for some time. But we have been impressed by the spirit and resolve of our people in making sure our companies emerge stronger when this all passes.
In addition to addressing the consequences of the crisis for our companies, we have taken immediate actions to support the healthcare response in the communities where they operate, and will continue to look for ways of providing this support. Some of these actions have included:

• Purchasing and donating ventilators and Personal Protective Equipment (PPE) for frontline healthcare providers such as the 500.000 surgical masks donated on April 1st to first responders and hospitals throughout Michigan.
• Applying pro-bono our technical and engineering skills to significantly increase production at Siare, Italy’s only producer of ventilators. Similar projects are under way with GE Healthcare and Hillrom in the US and with the latter we are also working to help increase their production of hospital beds.
• Repurposing 3D printers in different European plants to produce face shields for local health authorities and converting a plant in China to produce and donate face masks.
• Providing five fully-equipped bio-ambulances and 500 others vehicles to be used in the medical relief efforts in Italy and in Brazil helping to create a field hospital and fund initiatives to provide basic hospital care to low income families.

 

We are conscious that this crisis requires more than a healthcare response so we have also supported our companies in undertaking wider community initiatives. These have included FCA’s provision of a million meals in the US for children who rely on school meals; Ferrari’s support for children and their families in its hometown of Maranello; and Juventus’ fundraising initiative #DistantiMaUniti.
La Stampa, through the Specchio dei Tempi Foundation, has also gathered over 10,000 donations, including from our family, that have been used to provide food and medicine to vulnerable people in Torino and Piedmont including to the elderly and to single mothers.
The importance of Exor’s values has become very evident during the last few weeks, with the leaders and directors of our companies adding to our corporate actions by personally sacrificing some or all of their compensation for this year. At Exor we have done the same and will work with the Agnelli foundation to channel these resources into an education initiative to help address the Covid-19 learning challenges faced by schools and students both today and as the current restrictions are lifted.

 

https://exor.com/sites/default/files/2020/page-documents/2019 Letter to Shareholders_firma.pdf

Modificato 9 Aprile 2020 da Bare

[Ross 9]

Informazioni da Motor.es

 

https://www.motor.es/noticias/fiat-regreso-segmento-d-202066474.html

[Bare]

 

[Hybris]

In fondo si vede la 120! Molto bene!

[Bare]

Feds talk to GM as part of the UAW corruption scandal

Jamie L. LaReau Detroit Free Press

Published 4:17 PM EDT Apr 29, 2020

Quote

 

Federal investigators are interviewing General Motors employees in connection with a UAW corruption scandal involving kickbacks at a jointly run employee training center.

 

The federal probe had initially focused on Fiat Chrysler Automobiles and a misuse of funds connected to an employee-training center it operated with the UAW.

 

But the Wall Street Journal reports that federal investigators are now questioning GM's dealings with the union.

 

The report does not provide named sources, but it said federal agents have interviewed current and former GM employees "within the company’s labor relations department and raised questions about interactions between GM’s top bargainers and their counterparts at the UAW."

 

Agents have also subpoenaed records spanning from 2005 to July 2019 involving the GM-UAW Center for Human Resources, a jointly run employee training center located on Detroit's riverfront, the report said. GM and FCA agreed with the union last year to close both of the employee training centers.  

 

The Journal said investigators have asked for documents connected to financial transactions, charitable donations, vendor contracts and travel spending. The report said GM’s training center was the best-funded of the Detroit Three's centers. It received an average of about $50 million a year over the past decade.

 

A spokesman for GM said it has and will continue to cooperate with investigators for the duration of the investigation over the years, saying it suffered financially when FCA paid bribes to union officials and those bribes corrupted labor talks.

 

"The federal investigation has made it clear that the Center for Human Resources and the people it served were victimized by corrupt former union officials," GM spokesman Jim Cain said. "GM is grateful for the government’s efforts to expose corruption and we have been fully cooperating with the government for nearly three years."

 

Cain noted that GM is suing FCA over bribes paid to former UAW officials in connection with collective bargaining agreements to recover the damages they caused GM.

 

Since 2017, when investigators made the corruption probe public, there have been 13 convictions for crimes ranging from bribery and money laundering to embezzlement of union dues. 

 

Last year, federal prosecutors charged former UAW vice president and GM board member Joe Ashton in a kickback scheme it said involved the GM training center’s vendors. Ashton pleaded guilty to charges of conspiracy to commit fraud and money laundering.

 

The Journal said investigators want to know whether GM employees knew about that kickback scheme, and "to what extent training-center staff raised questions internally about certain vendor contracts."

 

The union said it has undergone massive reform, including naming Rory Gamble as its new president late last year after former president Gary Jones resigned amid the scandal. This year, prosecutors charged Jones with a scheme to embezzle more than $1 million in worker dues.

 

In March, the UAW said it unveiled a series of ethics reforms and announced Wilma Liebman, former chairman of the National Labor Relations Board, will be its first ever ethics officer. 

 

"As part of our reforms, we changed the structure of the joint programs to ensure greater accountability and stronger financial controls, to go along with the requirement of annual audits by independent public accounting firms," Brian Rothenberg said in a statement. "President Gamble and the UAW leadership team are committed to a cleaner and more accountable union, and the UAW continues to cooperate with the federal government in its investigation.”

 

 

https://eu.freep.com/story/money/cars/general-motors/2020/04/29/report-government-gm-uaw-corruption-scandal/3048056001/

[iDrive]

FCA in linea con i suoi competitors nel Q1 (solo Ferrari si salva tra tutti).

 

https://www.fcagroup.com/en-US/media_center/fca_press_release/FiatDocuments/2020/may/FCA_2020_FIRST_QUARTER_RESULTS.pdf

 

-20% di vendite, -15% di ricavi e un margine operativo appeno superiore a 0 (52mln€).

 

 

 

 

[4200blu]

[iDrive]

-5Md€ du Cash Flow sono tanti...

 

Il Q2 dovrebbe essere una strage, menomale che hanno tante liquidità.

[iDrive]

Manley ha detto che il product plan non cambio ma che ci saranno ritardi di 3 mesi in media (deduco che ci potrebbe dunque stare ritardi più consistenti per alcun modelli).