Discussion in 'Mopar News' started by Dan Minick, Oct 29, 2019.
Are we talking about PSA-FCA merger, or snow tires v AWD?
If you know what you're doing, a FWD with snow tires is plenty capable. In fact a FWD with regular tires is pretty capable as well. I used to live on a very steep hill and my wife's xB could always take it, even without snow tires. I'd be passing other cars without any problems... even Jeeps. Now, put me in my Wrangler and I can go places that xB wouldn't even dream of, and do it with ease. The difference between the two is that in one you're biting your nails the whole time and in the other you're having fun!
The deal will now be under Govt review - the US GOVT (in addition to the French Govt.).
U.S. will review Fiat-Peugeot deal over China ties, Kudlow says (at https://www.detroitnews.com/story/business/autos/foreign/2019/11/01/us-review-fiat-peugeot-deal-china-ties/40527533/ )
Time to cross our fingers and knock on wood.
Two fingers and two pieces of wood .
Btw, didn't DongFeng had studied the possibility to sell its stake of PSA last August? Why selling its PSA stake makes sense for Dongfeng (at https://europe.autonews.com/automakers/why-selling-its-psa-stake-makes-sense-dongfeng ) We got to check if it's still on the table.
I have this sinking feeling they may have changed their minds about that.
Let's face the cold hard reality.
There is a significant portion of the American Public, and the people they send to Washington who have little or no love for China & or the way they do things....and you KNOW they will not remain silent about this.
I STILL love my '99 SL-2 sedan, equipped with Auto and the Twin-Cam version of the 1.9 Litre.
It's been babied its entire life, and is still going strong at the age of 20 (thankfully, no belching of blue smoke yet!) It's such a great feeling being able to park in places where almost nobody else can fit.
Next year, it'll be legally able to drink....but hopefully, NOT OIL!
The irony being we "love" buying almost everything from there (granted, unfortunately by now the choices are not the same anymore as they were 30 years ago). I sometimes wonder what happened to the mirrors in our country...
Wonder what it would take for DongFeng to sell their part...
I would "like" this once for SM if I could! Wait..
I guess folks read it in different ways. No secret that I have been a fan of SM and think his contributions can't be measured monetarily...
Nothing Is done, until its done!
Still a long Road ahead
What does the US government have to review?
Last time I checked, FCA had paid everything back, well in advance and with interest.
Tue deal si done, they will not stop tre merger.
PSA already announced selling the part in Peugeot Motorcycles they had to Mahindra, that already owned 100%. Note: Peogeot is the oldest active two wheels manufacturer in the world.
Than also the announce that they will distribute shares in Faurecia to shareholders.
They also accepted to control structure used to split and control Fiat group used by Agnelli family. Dutch holding company to have double vote rights.
Peugeot family + Agnelli family will be the ones that will control the new company. Very likely they will do a syndicate pact.
Peugeot family this way will retake control, they didn’t and they don’t like to have to deal with French politicians.
Board members: 5 are for FCA, 5 for the french and one for the chinese company Donfeng (same share as Peugeot family and French state, but half voting rights).
Likely Peugeot family will buy additional shares on the market in the future.
I play the devil's advocate here but with Peugeot coming in, I thought as if it was the French who want to reconquer Detroit who was founded by French explorers, talk about going full circle, lol.
Meanwhile, enjoy that article posted on Hemmings blog mainly this paragraph. https://www.hemmings.com/blog/2019/...sa-merger-but-it-was-all-my-accidental-doing/
Then, also some twisting irony, Citroen being with Maserati again where back in the early 1970s Citroen had invested in Masterati and they got the Citroen SM.
Is there a link to an article that says the Chinese group gets a board seat?
Although Renault seemed like a better fit for FCA. PSA seems a lot less messy.
This merger should sort out the European scale problem permanently.
I still can’t see any benefit for the US side of things though.
The only benefits that makes any sense are a more stable and profitable company that's not one sided profit wise. And if Chrysler brand would be lucky enough to share a couple of those Peugeot CUVs. Oh, and encourage a new thought process on quality from corporate, suppliers and dealers. Not much work to be done on any of those fronts in NA.