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  1. Heavy weight Compass still has around 200 kilos less than light weight Audi Q3 or VW Tiguan. Go figure.
  2. 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
  3. HEV technology is a dead end. Nobody is investing in it. It's either MHEV or PHEV. As I said with the upcoming P2 MHEV technology HEV will become obsolete.
  4. With advent of P2 MHEV technology Toyota's HEV technology will become obsolete. AFAIK FCA has plan to launch P2 MHEV on its FWD based cars in 2021 while RWD (ZF 8HP mild hybrid) will follow in 2022.
  5. Strada MP-P Argo MP-1 Cronos MP-S Hmh...
  6. For years Grand Cherokee is the best selling SUV in US with price higher than $50,000. I doubt it's a Ford's territory. Lincoln or Cadillac? It could be. A lot of WK2 customers in US are cross shopping it with BMW X5 and Merc GLE.
  7. I'm not sure if this is a good move. IMO they should make a true C segment crossover with unique bodywork. Something tall and boxy ala Pug 3008.
  8. 2.0 MHEV is a P0/BSG system. 4th gen ZF 8HP will be available in 2022.
  9. I'm not convinced that PSA has better engineering team FCA. I think it's vice versa. I would even say that success of PSA is due to their aftersales and marketing team. Their cars mechanic even on LCV is not known as sturdy. They are selling them on price. Their infotelematics system is underdeveloped. But somehow their marketing had succeeded in convincing people how advanced they are. Their platforms and mechanics doesn't look advanced and they are electrification game. For example they don't offer but engines, their small diesel 1.5 is more advanced that the bigger 2.0. they don't offer modular petrol/gasoline engine family not to mention 2.0 engine, no independent rear suspension on compact cars, no mechanical AWD on any car. They don't have a dedicated BEV platform or combined ICE/PHEV/BEV platform which mimics dedicated "skateboard" BEV platforms. For example their BEV products like new 208 have poorly integrated batteries which is also true for PHEVs like 3008 which has both compromised trunk and fuel tank capacity. And so on and on... But they are successful and above all they are profit leaders in Europe. Chapeu to their marketing team!
  10. It depends if it's UK or US. LOL In UK it should be 533 BHP, 540 HP. In US it should be 533 HP, 540 PS. Go figure.
  11. (d) Headquarters and Residency. DutchCo shall have its place of effective management and tax residency in The Netherlands, with effect from the Governance Effective Time (or such other date as the Parties may agree sufficiently in advance of the Closing). DutchCo shall have operational headquarters in the greater Paris Area (France) for EMEA, in Auburn Hills (Michigan, USA) for North America, and in Turin (Italy) for premium and luxury vehicles. The parties intend that each of 2 the historical major automotive brands of the parties shall continue to be managed primarily from the country of origin of each such brand.
  12. Gorgio is used go Giulia is superior even to 2019 BMW products. So much about its age. Speaking about engines I can only say that we will not see PSA gasoline engines on FCA platforms.
  13. 2.0 with 330 PS presumably replacing entry level V6 350 PS.
  14. Not true. AFAIK Compass will not offer 2.0 turbo in US or will not offer it with bas trim levels. Reason is very simple. Jeep Cherokee.
  15. Base or main engine for US? All premium compact SUVs are offering 2.0 turbo as the base engine in US. They do not offer smaller engines.
  16. US BMW X1 28i 228HP Audi Q3 45 TFSI 228HP Mercedes GLB 250 221HP Jaguar E-Pace P250 250HP Cadillac XT4 2.0T 237HP Lincoln Corsair 2.0T 250HP
  17. I'm not happy to see central tunnel design and infotainment screen integration as on CAD design. Central tunnel looks like a Jeep Compass carryover. And where is a rotary knob for control of infotainment screen. I don't see it.
  18. Compass has very small luggage capacity with just 305 liters measured by QR. What will they do to improve it for Tonale? Of course using rear multilink instead of MacPherson could be a part of solution. Just for comparison. Stelvio has 480 liters of luggage capacity measured by QR magazine.
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