Fiat Chrysler’s painful choices
Viewsroom
Reuters
4.4 • 58 Ratings
🗓️ 24 August 2017
⏱️ 22 minutes
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| 0:33.2 | Is Fiat Kreiser driving towards a breakup? |
| 0:36.4 | Underfire Uber may have a plan to turn around sputtering morale and all you need to know about |
| 0:41.5 | China's unicorns. |
| 0:43.2 | These are the issues we'll be tackling later in this week's views room, a weekly conversation |
| 0:47.5 | among breaking views columnists about the ups and downs of the world of finance. |
| 0:51.6 | I'm Anthony Curry and here with me is my co-host, Jennifer Saber. Hi, Jen. |
| 0:56.1 | Hey, Anthony. Shares and Fiat Chrysler have sped ahead some 23% in the past week. That's all |
| 1:02.1 | thanks to reports that a Chinese company may want to buy some or all of the Italian carmaker. |
| 1:07.7 | Great Wall Motors has since emerged as the interested party and has its site set on the |
| 1:12.6 | iconic Jeep brand. So here to tell us what's going to happen next is Anthony Curry. So Anthony, |
| 1:19.1 | what happens next? Oh, well, lots of things. First of all, when you put this in context, this is |
| 1:24.7 | precisely, or at least in general, this is precisely what the car industry needs, consolidation of some form or other. The fact it's coming from China is, is intriguing in a couple of respects. But isn't it already consolidated, Fiat and Chrysler? Well, yes, but you also need more consolidation. Don't forget. Don't forget. Sergei Marcioni, who is CEO of Fiat Chrys, and also CEO of Ferrari, which has spun off a year or two ago and which he's going to go to in a year and a half as his only job when he leaves Fierreiser. |
| 1:52.2 | Sergei Marciani famously a couple of years ago put together a presentation called Confessions of a Capital Junkie where he went through the reasons |
| 2:01.1 | why the car industry is wasting far too much money on duplicative capital uses like |
| 2:06.5 | paratroanes, getting the cars to work properly, all that kind of stuff, |
| 2:09.3 | rather than spending money on what would differentiate you all as car companies, |
... |
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