Whether it intends to acquire Fick? Guangzhou Automobile respond not currently plan

Posted on 5/21/2016 2:40:11 PM

Said no this plan Guangzhou Automobile Group internal stakeholders May 19 to accept an interview with CBN reporter, I do not know the message comes from.
May 18, "Italian daily" (ilGiornale) reported that Guangzhou Automobile Group intends to partner FCA White company, even considering opening the offer to buy the company FCA larger proportion of equity.
This year in May, with Guangzhou Automobile Group chairman Zhang room has led delegations to visit the company's executives, Mich. Chrysler headquarters in Auburn Hills, and FCA, CEO Sergio Marchionne (SergioMarchionne), global president of Jeep brand Maiming Kay (MikeManley) meeting, in order to promote and deepen cooperation. "Italy Daily" also mentioned aspect also access contact Guangqi Fiat chairman John Yi Erkan (JohnElkann), high-level dialogue with Guangzhou Automobile shares or related intent.
At present, Guangzhou Automobile Group and FCA in China is a partnership in 2010 to 50-50 joint venture Guangqi Fiat Automobile Co., Ltd. (later renamed as "GAC FIAT Chrysler Automobile Co., Ltd.", hereinafter referred to as "wide Philippines g "). Fick's first production in Changsha, Guangzhou Fiat's Xiang Fei Yue and caused two cars, from last year to assume the Jeep brand of domestic responsibility, in October 2015 in Changsha factory production of the Jeep brand of light and freedom in April 2016 Guangzhou factory production freedom Man. January to April, Fick wide sales of 39,000, an increase of up to 211% of Guangzhou Automobile Group has become a subsidiary of the fastest growth rate.
Guangzhou Automobile Group executives had told CBN reporter interview also said that the company will accelerate the pace of capital operation, does not rule out acquisitions take the form of, but not limited to the automotive industry, may also crossed the border into medical fields.
In recent years, the automotive industry frequently initiate acquisitions or invest in shares, following Geely Holding for $ 1.8 billion acquisition of Volvo, Dongfeng Group in March 2014 to the PSA Peugeot Citroen Group (hereinafter referred to as "PSA") private placement of shares to invest 800 million euros, representing 14 shares %, PSA became the largest shareholder. Recently, Nissan will be 237 billion yen to acquire 34% stake in Mitsubishi vehicles, making it the single largest shareholder of the latter.
However, the Guangzhou Automobile Group intends to acquire FCA this rumor, widely believed unlikely. Automotive expert Zhang Zhiyong interview with CBN reporter, said, from the current situation, the two sides recently to discuss possible cooperation on a particular, but the acquisition is not likely, neither the existence of such necessity.
2015, FCA profit 410 million US dollars (about 2.69 billion yuan), down 40%. Profit decline mainly due to the company paid more than expected for the recall costs and a reorganization plan budget. Last year, it came to acquire a stake in PSA FCA, FCA and the formation of alliances, but this was denied FCA, CEO Malchow.
Zhang Zhiyong analysis, FCA are not sold in the economic downturn of the last stake in the case, even now there is no need, since this year, FCA had a good performance in the US and European markets, besides Malchow FCA is the soul of the company, it should be China will not want to at this time added a new director to influence their future decision-making power. As for the Guangzhou Automobile Group, despite the acquisition of FCA will help accelerate the pace of internationalization, but the possibility is not large, on the one hand the strength of the two is still a certain gap, on the other hand, the Guangzhou Automobile Group to Japanese car known for its own brand also rapid growth, in this case the acquisition of European companies will face great challenges, and will involve the integration of the new allocation of resources, FCA Moreover, the company's Jeep brand has the best quality in the domestic Fick wide. After the addition, Guangzhou Automobile Group had acquired the domestic restructuring Shen Fei Hino Motors and other companies do not succeed, now more dare acquired international giants.
Guangzhou Automobile Group is China's sixth largest auto group in 2015 sales of 1,303,100, planned sprint 2.4 million annual sales by 2020. The FCA as the world's seventh largest group in 2014 sales reached 4.75 million. 2015, FCA company only sold in the US market reached 2.2 million. Insiders pointed out that, as a state-owned Guangzhou Automobile Group, has always been more cautious, the possibility of acquisition of FCA's minimal. Recently, there are news that the proximal contacts FCA Guangzhou Automobile Group Company, the latter may be to introduce more of its models, including the Chrysler 200 and Dodge Dart, the news is more fly some.

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