AF: Manley on merger : "No delays, negotiations are going well" | Allpar Forums
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Manley on merger : "No delays, negotiations are going well"

Discussion in 'Mopar News' started by T_690, Jan 24, 2020.

  1. T_690

    T_690 Well-Known Member

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    Translated by Google:

    From 12 to 14 months to close . "The talks are progressing really well," Manley underlined, expressing confidence that the agreement could be finalized within the timescales announced at the beginning of December when the preliminary agreement was signed. "It will take 12 to 14 months because there are many areas in which we operate. There is no delay but it still takes time," explained the FCA CEO, who also ruled out the possible emergence of obstacles that could delay the whole integration process. Therefore, barring surprises, the merger should be completed between the end of the year and the beginning of 2021.

    Synergies from platforms and volumes. Manley also reiterated the guarantees on safeguarding employment, in particular between France and Italy, and therefore excluded plans to reduce staff or close plants once the merger was completed. "Both houses have the reputation of being very lean companies", therefore an intervention on the factories "is not a key objective" in the search for synergies, which for the most part "will be generated by sharing platforms, by increasing volumes products from a single platform and shared purchases. This is the real focus for us. " The issue of platforms will however be one of the main topics of discussion, at least until an industrial plan is outlined. And indeed, Manley has not indicated which architectures will be privileged and which brands will be destined for: their use, the manager's words, "will be intuitive". The new president of ACEA added: "We have been talking about the concept of the global car for years, but the reality is that every area, be it China or Europe or the United States, is developing very differently. The global platform, in fact, is an elusive concept. What we really need to focus on are platforms that can be applied in every area with the certainty of being able to do two things: serve your customers and respect the laws in force with the right technology ".

    Fusione FCA-PSA - Manley: "Nessun ritardo, le trattative procedono bene" (at https://www.quattroruote.it/news/industria-finanza/2020/01/22/fusione_fca_psa_manley_nessun_ritardo_le_trattative_procedono_bene_.html )
     
    Adventurer55, Ryan, tlc and 3 others like this.
  2. cygnus

    cygnus Well-Known Member

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    And what happens after platforms are consolidated and certain plants are underutilized, or if product that is built at multiple different shifts volume to the plant with the cheapest labor? :rolleyes:

    Fortunately, Jeep and Ram will largely be immune to this. But I don't see any increased utilization in the short term for Brampton (with the new L car + crossover launch in 2022 or 2023) or Windsor (loss of Grand Caravan after this year).
     
    page2171 and Citation84 like this.
  3. Citation84

    Citation84 Well-Known Member

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    "Manley also reiterated the guarantees on safeguarding employment, in particular between France and Italy, and therefore excluded plans to reduce staff or close plants once the merger was completed." Of course. They've already taken an axe to Germany. Italy & France are safe. I'm so surprised....... NOT
     

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