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Thread: Volkswagon and Fiat Chrysler to merge?

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    Veteran Member bajisima's Avatar
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    Volkswagon and Fiat Chrysler to merge?

    Interesting to watch this and see if it comes to fruition.

    Volkswagen (VOWG_p.DE) Chief Executive Matthias Mueller said he did not rule out he could hold merger talks with Fiat Chrysler (FCHA.MI) boss Sergio Marchionne, in a marked change of tone by the German carmaker toward its Italian-American peer.

    "I am not ruling out a conversation," Mueller told journalists after VW's annual results news conference. Marchionne has long advocated car industry mergers to share the costs of making cleaner and more technologically advanced vehicles and has repeatedly relayed his desire via the media.


    Volkswagen CEO says not ruling out merger talks with Fiat Chrysler | Reuters
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    Thought Provocateur NightSwimmer's Avatar
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    That's crazy. Volkswagen has enough trouble of their own due to their failed attempt at rigging their fuel emissions certification for their diesel engine cars. Fiat Chrysler, meanwhile, is a failed company in bankruptcy.
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    Veteran Member bajisima's Avatar
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    Quote Originally Posted by NightSwimmer View Post
    That's crazy. Volkswagen has enough trouble of their own due to their failed attempt at rigging their fuel emissions certification for their diesel engine cars. Fiat Chrysler, meanwhile, is a failed company in bankruptcy.
    True both companies have their troubles that's for sure. Am truly curious to watch this and see what happens. It makes no sense but maybe there are other reasons.

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    Thought Provocateur NightSwimmer's Avatar
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    Quote Originally Posted by bajisima View Post
    True both companies have their troubles that's for sure. Am truly curious to watch this and see what happens. It makes no sense but maybe there are other reasons.
    "I am not ruling out a conversation" doesn't really sound like much of a merger plan to me.
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    Veteran Member Micro Machines Champion, Race Against Time Champion Tedminator's Avatar
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    Quote Originally Posted by bajisima View Post
    Interesting to watch this and see if it comes to fruition.

    Volkswagen (VOWG_p.DE) Chief Executive Matthias Mueller said he did not rule out he could hold merger talks with Fiat Chrysler (FCHA.MI) boss Sergio Marchionne, in a marked change of tone by the German carmaker toward its Italian-American peer.

    "I am not ruling out a conversation," Mueller told journalists after VW's annual results news conference. Marchionne has long advocated car industry mergers to share the costs of making cleaner and more technologically advanced vehicles and has repeatedly relayed his desire via the media.


    Volkswagen CEO says not ruling out merger talks with Fiat Chrysler | Reuters
    Das crazy if it happens... Ferrari and Porsche in the same stable
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    Veteran Member Micro Machines Champion, Race Against Time Champion Tedminator's Avatar
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    Quote Originally Posted by NightSwimmer View Post
    "I am not ruling out a conversation" doesn't really sound like much of a merger plan to me.
    yeah doubt it would happen.

    It'd be good for Dodge if it does tho.. Mopar with German and Italian tweaks would kick ass

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    nic
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    Prolly because GM, Ford and Toyota said no way, you're not dragging us down with you.

    Maybe they should have taken the advice the others did and take smaller cars seriously.

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    Moderator HayJenn's Avatar
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    Quote Originally Posted by NightSwimmer View Post
    That's crazy. Volkswagen has enough trouble of their own due to their failed attempt at rigging their fuel emissions certification for their diesel engine cars. Fiat Chrysler, meanwhile, is a failed company in bankruptcy.
    Despite the Dieselgate emissions scandal which has rocked Volkswagen (VOWG_p.DE), the German carmaker achieved record group sales in 2016 of 10.3 million vehicles, including a 12 percent jump in December.


    That figure should put VW ahead of Japanese rival Toyota (7203.T) as the world's largest car producer by volume.

    VW sales are proving resilient despite the diesel emissions scandal which has plunged the company into crisis since it came to light in September 2015.

    VW manages record 2016 sales despite Dieselgate crisis | Reuters

    Just FYI - I own a Jetta Sportswagen TBI - part of the "scandal". So sad, best car I have ever had. But I have to two years to take the buyback (since my car is an 09 they won't have a "fix" for it).

    But because I had a full package and my mileage is super low for a 09 car, I can't really complain about how much money VW is going to give in the end (I'm planning on waiting till the very end for the buyback)

    About $22,000 and more than likely will just buy the gas version of the car I have now (depending on the "get up and go" power it has)

    That's the thing I love most about my car. How fast it accelerates.

    Will also be curious about this merger if it happens. Maybe I won't buy another VW...
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    Thought Provocateur NightSwimmer's Avatar
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    Quote Originally Posted by HayJenn View Post
    Despite the Dieselgate emissions scandal which has rocked Volkswagen (VOWG_p.DE), the German carmaker achieved record group sales in 2016 of 10.3 million vehicles, including a 12 percent jump in December.
    Well sure, their sales are good. The problem is that the lawsuits and fines have depleted a fortune in revenue, with no end yet in sight. You might want to take the buyout before they too claim bankruptcy -- if this deal really does happen. I've read somewhere that Chrysler has written some bad checks for cars that they had to buy back from customers for warranty reasons.

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    Veteran Member Southern Dad's Avatar
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    Keep in mind that Lee Iacocca, when he saved Chrysler from bankruptcy acquired American Motors. Probably one of the best moves the car company every made. Think Jeep.

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