Energy: Fiat Chrysler Try to Merge + Why Are We Seeing So Many Auto Partnerships?

Industry Focus

The Motley Fool

Interview, Money, Consumergoods, Business, Businessnews, Ceo, Technology, Investing, Stocks, Energy, Fool, Financial, Economy, Healthcare, News, Banking, Motley, Tech, Business News, Investments

4.6 • 854 Ratings

🗓️ 13 June 2019

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

It’s been a wild couple weeks for Fiat Chrysler and Renault. After Fiat made a merger offer in late May, Renault shareholders Nissan and the French government balked at the deal, leading Fiat to withdraw its offer. Motley Fool Senior Auto Analyst John Rosevear joins the podcast to break down the political issues that have sidetracked the merger and discuss why we’ve been seeing so many major automotive partnerships recently, both between OEMs and autonomy startups.

Stocks Mentioned: FCAU, RNLSY, NSANY, GM, F, VWAGY, RACE, TSLA, HMC, TM

Check out more of our content here:

$50 off your first job post. Linkedin.com/fool

Transcript

Click on a timestamp to play from that location

0:00.0	Thanks to LinkedIn for supporting Industry Focus.
0:02.3	LinkedIn Jobs makes it easy to get matched with quality candidates
0:05.2	to make the most sense for your role.
0:07.1	Post a job today at LinkedIn.com slash fool and get $50 off your first job post.
0:11.6	Welcome to Industry Focus, the podcast that dives into a different sector of the stock market every day.
0:18.0	Today is Thursday, June 13th, and we're breaking down the Fiat Renault merger discussions.
0:22.0	I'm your host Nick Saipel, and today I'm joined by Motley Fool's senior auto analyst John
0:25.2	Roosevelt via Skype.
0:26.2	How you doing John?
0:27.2	I'm doing well Nick, how are you?
0:29.2	I'm doing great.
0:30.2	I think we've got a fun topic today, you know, we were chatting a little bit before the show.
0:34.8	This is almost as much kind of a political intrigue story as it is a business story.
0:40.7	So just for a little background, on May 27th, Fiat Chrysler submitted a proposal to merge with Renault.
0:47.0	In terms of the deal would create a 50-50% ownership stake between Fiat and Renault shareholders.
0:53.0	And that would be completely separate
0:54.8	from the 20-year partnership that Renault has enjoyed
0:57.8	with Nissan and Mitsubishi.
1:00.5	They're projecting $5.6 billion in annual savings.
1:03.4	And it sounds like both of these companies
1:06.4	I've been really interested in moving through on this deal.
1:08.9	However, there's been some snags in the past couple of weeks.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from The Motley Fool, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Motley Fool and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.