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Fiat shells out $4.35bn to gain full control of Chrysler

02.01.2014 15:43

Italian carmaker Fiat has clinched a $4.35 billion deal to buy the rest of Chrysler it doesn’t already own, avoiding a planned IPO of the third-biggest American carmaker.

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Comments (15) Sort by: Highest rating Oldest first Newest first

 

Enrique 06.01.2014 16:42

Now, FIAT needs an Asian leg as it already can boast a long term presence in Europe (including Russia), Latin America and North America.

Probably, for an Asian partner they will follow the example of Renault, which controls 44% of Nissan but keeps both brands autonomous.

Suzuki, which alliance with VW failed, could be a good partner, even if FIAT perhaps prefers a Chinese partner as could be Geely, given the fact the Chinese market is bigger.

 

Netsurfer S 05.01.2014 22:33

I own a Chrysler 300 AWD and never have had any problems with it! I purchased it for near 50,000.00 dollars and enjoy it every day!

 

Netsurfer S 05.01.2014 22:30

[quote name='Vlada' time='02.01.2014 19:40']German cars are the best, be it BMW, Mercedes, or the WW group. Add to that Opel because it is mainly developed in Germany, so it complies with the standards there. German cars are the most reliable, with very good steering gears, and very solid motor sections. Chassis are also very good and do not get rusty.

I found that BMW cars have wiring problems and many other problems with double clutch mechanisms. Are you sure about your statement?

 

Netsurfer S 05.01.2014 18:55

Does anybody ever get this right? Fiat bought control of the rest of their own company from Chrysler. Chrysler used to own part of Fiat.

 

paradigm-respawn 03.01.2014 15:11

Amazing that there are People who Believe that the Conspiracy/Decisions that Emerge from Bilderberg/Bohemian Grove actually Determine World Events

Fact s Show that these Idiots haven't Picked a Winner for Several Years Running or China Russia and India would never have Risen to such Prominence as they have

It's like the InterNet Myth that there is an International Jewish Banking Cabal

They Wish!

 

becquerrelle 03.01.2014 15:01

So Chrysler was Iacocca's Company for awhile - what happened? All-Italian Motors Unlimited I Guess

Still I'd rather see a Tiny Fiat coming down the Road than those Idiot Smart Cars (the 4 wheeled version of the Segway)

 

Netsurfer S 03.01.2014 03:36

Fiat bought out their own side, not like they own any Chrysler side! Go figure!!!

 

milton 03.01.2014 03:18

Maybe Chryslers will now become quality vehicles?

 

chris smalls 03.01.2014 00:29

Marchionne is Chrysler-Dodge-Jeep' s death sentence in a suit. People like him are one reason I will never want to work in this industry.

 

Enrique 02.01.2014 21:37

Most FIAT models should be manufactured in low wage countries from Eastern Europe, Latin America and China, leaving Italy just for the better models.

 

Vlada 02.01.2014 19:50

Just to add: My friend is an automechanic, who lives from it for more than 30 years. He says that steering gears and chassis of Italian cars are like toys when compared with German cars. French cars are generally better than Italian, but are surely not as good as those produced by German manufacturers.

I guess he is an unbiased and a competent authority in the field.

 

Vlada 02.01.2014 19:40

German cars are the best, be it BMW, Mercedes, or the WW group. Add to that Opel because it is mainly developed in Germany, so it complies with the standards there. German cars are the most reliable, with very good steering gears, and very solid motor sections. Chassis are also very good and do not get rusty.

FIAT has the technology and the knowledge, but their philosophy of making light cars that will not endure for a long time is the main problem. Also, in the past they frequently used to be quick rusty models. It is not always about the external design. FIAT should turn to be making some more solid models.

 

Kevin Mark Bauer 02.01.2014 16:57

History tells us that Italy is rich in Architecture and Design but also that FIAT generally stood for Fix It Again Tony ( An Acronym from the 70's) and as far as I can discern,not much improved since then. I may be wrong and if so apologize,but my brother had a 1972 FIAT Spyder and that car had spent more time in the Kleinburg Garage than on the streets. Have not met a more recent owner,so I cannot say if this still holds true.

 

Kevin Mark Bauer 02.01.2014 16:50

Hmmm....Fix It Again Tony ( An Acronym from the 70's) is buying out Chrysler. Can anyone spell disaster? Sure,I bet you can. ;-)

 

Alex Semiletow 02.01.2014 16:43

Anyone who still doubts that Italians are nothing but super intelligent businessmen and engineers should review their prejudices...

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