kscarbel2 Posted October 31, 2019 Share Posted October 31, 2019 A merger between Fiat Chrysler Automobiles (FCA) and France’s PSA Group (Peugeott/Citroen/Opel) now seems highly likely. Chinese government-owned and Chinese Communist Party (CCP) led Dongfeng, which now is Volvo Group’s largest shareholder, is also a principal stakeholder in PSA Group. Thus, Ram, Dodge and Chrysler will come under Chinese control. 1 Quote Link to comment https://www.bigmacktrucks.com/topic/59637-ram-dodge-and-chrysler-set-to-come-under-chinese-ownership/ Share on other sites More sharing options...
Red Horse Posted October 31, 2019 Share Posted October 31, 2019 Did not realize the China connection. What percentage? I thought I read somewhere that all of a sudden any Chinese connection is going to have a big impact on how US regulators view merger activity. How about it KSC Fact or fiction? Quote Link to comment https://www.bigmacktrucks.com/topic/59637-ram-dodge-and-chrysler-set-to-come-under-chinese-ownership/#findComment-434890 Share on other sites More sharing options...
Maxidyne Posted October 31, 2019 Share Posted October 31, 2019 IIRC Dongfeng is a minority shareholder and while they might get a board seat, they won't get control. And being the world's most populous country and 2nd biggest economy, the Chinese could easily buy outright several undervalued auto makers if they wanted to. 1 Quote Link to comment https://www.bigmacktrucks.com/topic/59637-ram-dodge-and-chrysler-set-to-come-under-chinese-ownership/#findComment-434894 Share on other sites More sharing options...
kscarbel2 Posted October 31, 2019 Author Share Posted October 31, 2019 Dongfeng (ie. the Chinese government), the French government and the Peugeot family each own 12.2 percent of PSA Group. And recall, the Chinese government is Volvo Group’s largest shareholder. Quote Link to comment https://www.bigmacktrucks.com/topic/59637-ram-dodge-and-chrysler-set-to-come-under-chinese-ownership/#findComment-434915 Share on other sites More sharing options...
TS7 Posted November 2, 2019 Share Posted November 2, 2019 Maybe not so fast, Trump Administration is going to look into this. Chrysler was given to Fiat so this could happen? Sell Fiat to who ever and let Chrysler be Chrysler. Today Chrysler does not need Fiat or PSA. 1 Quote Link to comment https://www.bigmacktrucks.com/topic/59637-ram-dodge-and-chrysler-set-to-come-under-chinese-ownership/#findComment-435004 Share on other sites More sharing options...
Maxidyne Posted November 2, 2019 Share Posted November 2, 2019 Debatable if there's enough of Mopar left to survive on it's own. 2 Quote Link to comment https://www.bigmacktrucks.com/topic/59637-ram-dodge-and-chrysler-set-to-come-under-chinese-ownership/#findComment-435008 Share on other sites More sharing options...
TS7 Posted November 2, 2019 Share Posted November 2, 2019 It is Fiat that could not survive with out Jeep and Ram. 1 Quote Link to comment https://www.bigmacktrucks.com/topic/59637-ram-dodge-and-chrysler-set-to-come-under-chinese-ownership/#findComment-435014 Share on other sites More sharing options...
kscarbel2 Posted November 2, 2019 Author Share Posted November 2, 2019 Jeep and Dodge Trucks (aka. Ram) are the money makers depended on. And yet quality issues are everywhere due to excessive cost cutting. https://www.google.com/amp/s/www.caranddriver.com/news/amp29144073/nhtsa-jeep-wrangler-steering-shimmy-complaints/ Quote Link to comment https://www.bigmacktrucks.com/topic/59637-ram-dodge-and-chrysler-set-to-come-under-chinese-ownership/#findComment-435025 Share on other sites More sharing options...
Maxidyne Posted November 2, 2019 Share Posted November 2, 2019 But there a lot of FIAT tech and parts in today's Mopar vehicles. Quote Link to comment https://www.bigmacktrucks.com/topic/59637-ram-dodge-and-chrysler-set-to-come-under-chinese-ownership/#findComment-435053 Share on other sites More sharing options...
kscarbel2 Posted November 3, 2019 Author Share Posted November 3, 2019 4 hours ago, Maxidyne said: But there a lot of FIAT tech and parts in today's Mopar vehicles. I have to, respectfully, disagree with that. Fiat has little proprietary "tech", but rather only the tech of its suppliers that it pays for the use of. Quote Link to comment https://www.bigmacktrucks.com/topic/59637-ram-dodge-and-chrysler-set-to-come-under-chinese-ownership/#findComment-435070 Share on other sites More sharing options...
Maxidyne Posted November 3, 2019 Share Posted November 3, 2019 I'll agree with that, many of the suppliers like Bosch make their products available to everyone and are used by just about everyone. Chrysler still has some engines of it's own and a few contemporary platforms and might be profitable in today's North American market, but if the market turned back to cars they'd be in trouble. 1 Quote Link to comment https://www.bigmacktrucks.com/topic/59637-ram-dodge-and-chrysler-set-to-come-under-chinese-ownership/#findComment-435080 Share on other sites More sharing options...
TS7 Posted November 3, 2019 Share Posted November 3, 2019 Todays SUV is a car and most pickups sold today are useless as a work truck. But that is what sells and they have to build what sells. 1 Quote Link to comment https://www.bigmacktrucks.com/topic/59637-ram-dodge-and-chrysler-set-to-come-under-chinese-ownership/#findComment-435094 Share on other sites More sharing options...
james j neiweem Posted November 3, 2019 Share Posted November 3, 2019 Will not be buying any Chrysler products any time soon. 1 Quote Link to comment https://www.bigmacktrucks.com/topic/59637-ram-dodge-and-chrysler-set-to-come-under-chinese-ownership/#findComment-435095 Share on other sites More sharing options...
Maxidyne Posted November 3, 2019 Share Posted November 3, 2019 I wasn't planning on buying any FCA products anyway, as they're about the most unreliable vehicles on the market. Peugeot's diesels have a good reputation, perhaps they can improve the FCA products? Quote Link to comment https://www.bigmacktrucks.com/topic/59637-ram-dodge-and-chrysler-set-to-come-under-chinese-ownership/#findComment-435104 Share on other sites More sharing options...
41chevy Posted November 7, 2019 Share Posted November 7, 2019 Seems Chrysler is catering to a limited market in some areas. 1500 + h.p. Challenger Drag Pack running sub 7 second quarters,the new Ram R/T Redeye 800h.p. pick up and the 750 h.p. Jeep Redeye SUV. First production models at SEMA. Quote "OPERTUNITY IS MISSED BY MOST PEOPLE BECAUSE IT IS DRESSED IN OVERALLS AND LOOKS LIKE WORK" Thomas Edison “Life’s journey is not to arrive at the grave safely, in a well preserved body, but rather to skid in sideways, totally worn out, shouting ‘Holy shit, what a ride!’” P.T.CHESHIRE Link to comment https://www.bigmacktrucks.com/topic/59637-ram-dodge-and-chrysler-set-to-come-under-chinese-ownership/#findComment-435403 Share on other sites More sharing options...
Birddog 69 Posted April 12, 2022 Share Posted April 12, 2022 Stellantis owns it all now..with the effing Chinese ! You were all wrong.. it's went way down hill ! Quote Link to comment https://www.bigmacktrucks.com/topic/59637-ram-dodge-and-chrysler-set-to-come-under-chinese-ownership/#findComment-495036 Share on other sites More sharing options...
james j neiweem Posted April 13, 2022 Share Posted April 13, 2022 Owned by French and Italian companies head quartered in Netherlands. Don't see a Chinese connection though I may be wrong. Quote Link to comment https://www.bigmacktrucks.com/topic/59637-ram-dodge-and-chrysler-set-to-come-under-chinese-ownership/#findComment-495189 Share on other sites More sharing options...
tjc transport Posted April 13, 2022 Share Posted April 13, 2022 It has been about 50% China since 2017. As of Friday I think it was China bought out everyone to be sole owner. Quote when you are up to your armpits in alligators, it is hard to remember you only came in to drain the swamp.. Link to comment https://www.bigmacktrucks.com/topic/59637-ram-dodge-and-chrysler-set-to-come-under-chinese-ownership/#findComment-495192 Share on other sites More sharing options...
Red Horse Posted April 19, 2022 Share Posted April 19, 2022 On 4/13/2022 at 11:43 AM, tjc transport said: It has been about 50% China since 2017. As of Friday I think it was China bought out everyone to be sole owner. You sure about that? I think the only Chinese stake is through a small piece that Donfeng holds in Peugeot which is 50% owner and Fiat is the other 50%. Quote Link to comment https://www.bigmacktrucks.com/topic/59637-ram-dodge-and-chrysler-set-to-come-under-chinese-ownership/#findComment-495611 Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.