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My answer would be that we agreed on 5 each. Tavares is a tiebreaker. The board picks his replacement.
 

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Not a problem at Chrysler or Dodge. Their models are long since paid for. Might still owe a bit on Pacifica.
The longer things stay unchanged, the harder it can become to justify new spending for replacements when they are eventually needed.
 

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Notice the part where it states that Tavares will not hesitate to get rid of unprofitable models and brands.
But the next sentence they talk about how he turned around “perennial money losers”, so there is hope there. Perhaps it means he’s good at cutting the fat in the process of turning a brand around.
 

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PSA board signs off on Fiat Chrysler merger, report says (at https://www.autonews.com/automakers-suppliers/psa-board-signs-fiat-chrysler-merger-report-says )

MILAN / PARIS - The board of French automaker PSA, the owner of Peugeot, approved a binding memorandum of understanding to merge with rival Fiat Chrysler Automobiles, a person close to the matter said on Tuesday.

A separate FCA board meeting was underway to discuss finalizing a $ 50 billion initial agreement to create the world's number four automaker, the source added.

Both companies declined to comment.
 

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The control of the new company is in the hands of Agnelli and Peugeot families.
The advantage for Peugeot family is that now they will have less to deal with french government.

If one looks at "shareholders restrictions" one can get what I mean.

https://www.fcagroup.com/it-IT/inve...CA_Proposed_Merger_Presentation_Dec_18_19.pdf
"...
ShareholdersRestrictions
•7-year standstill applied to EXOR N.V., Bpifrance Participations SA, DFG and EPF/FFP (2)
•3-year lock-up applied to EXOR N.V., Bpifrance Participations SA and EPF/FFP (3)

(2) EPF/FFP would be permitted to increase its shareholding by up to 2.5% in DutchCo (or 5% at the PSA level), only by acquiring shares from Bpifrance and DFG and/or on markets (up to 1% of the shares of DutchCo (or 2% at the PSA level) plus the percentage of shares sold by Bpifrance other than to EPF/FFP, subject to overall maximum of 2.5% at the DutchCo level and of 5% at the PSA level)
(3) DFG will be subject to a lock up until the completion of the transaction for the balance of its participation in PSA, resulting in an ownership of 4.5% of DutchCo.
Bpifrance will be permitted to reduce its shareholdings by 5% in PSA or 2.5% in DutchCo.
..."

Bpifrance (Banque publique d'investiment = french government)
EPF/FFP = Peugeot family

So we have that Peugeot family is allowed (note 2) to increase their partecipation in the new company (for maximum another 2.5%).

French government is allowed to sell its shares (note 3 and 2), so doing to receive additional cash (governments are always looking for cash for their budgets, I could guess that one of the reasons of closing before december end is because of the cash they will receive from Faurecia sell).
 

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