The sepa loan credit insurance ration of Ferrari SpA, which is expected to occur in early 2016, may be the stimulus for Marchionne submit a bid for the US automaker. The sition Ferrari raise money for indebted company. The move is also key to the Agnelli family, the dominant shareholder of Fiat, who is willing to keep track of the Italian manufacturer of supercars.
Marchionne is on a crusade to consolidate the auto loan credit insurance motive industry, which includes the presentation "Confessions of an addict in the capital", April. He argues that vehicle manufacturers waste money by developing multiple versions of the same technology and therefore they should be combined.
He restricted largely, its focus to GM as a potential target because the two vehicle manufacturers share a multi-brand strategy and GM does not have family shareholders to defend it, as Ford Motor Co. GM and Fiat have also a common history and have combined almost a decade ago, but GM pulled away business. The Marchionne persistent talk is seen as part of the plan to urge GM to enter into a merger, while the position of GM is that the company is seeking national economies and not have to Fiat.
"As a true poker player, Marchionne will not settle for winning a hand and managed to Chrysler; he wants the jackpot merger with GM, "said Vincenzo Longo, strategist at IG Group in Milan." He is attracting investors from GM with this multi-billion dollar saving conversation before making a final attempt ".
Fiat is committed to separate Ferrari and has no plans to include it on a possible deal, said informed sources on the subject. The supercars drive does not help to cut the costs of a merger and the Agnelli family wants control of the sports car manu loan credit insurance facturer F12berlinetta of US $ 320,000, sources said. Fiat declined to comment.
By contrast, the family is ready to have its share from 29% in diluted Fiat in a potential deal to expand the company, told Bloomberg John Elkann, a descendant of the founder of Fiat, Giovanni Agnelli, and head of the family's business activities, joint interview with Marchionne in October.
Written by Sergio
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