GM denies merger with Fiat, Ford, Honda focused technical cooperation with PSA
Dow Jones reported that the proposed merger of Fiat media reports, the world president of General Motors Dan Oman (Dan Ammann) denied the need, but probably inspired prices technological cooperation with Ford, Honda and Peugeot Citroen automobiles, add more joint project.
Merger with Fiat? No!
May 26, Dan Oman in an interview said that GM sees no need to merge with other car prices to maintain profitability.
Dan Ammann said, for Malchow proposed merger did not know, in Turin, Italy to participate in the global center of diesel GM energy during the celebrations of the tenth anniversary, or planned Marchionne, Chairman John Elkann or FCA (John Elkann) meeting . In his opinion, General Motors is now one of the world's annual sales of 1,000 units of cars Big Three companies, which lack the magnitude of the problem does not exist.
"The New York Times" on May 23 quoted informed sources as saying that the two, in March 2015, Malchow had sent the e-mail to Marie Bora, I explained in detail how multinational car companies have to merge in order to save costs and proposed the integration of the two car companies, claiming that the two sides after the hand Fiat GM could cut spending billions of dollars to create a new car giant companies, but it was refused.
Anonymous sources said the proposed merger with Fiat did not cause Marie Bora interest or any other common managers, "Mr. Malchow on this issue (merger) proposal to start negotiations decisively rejected." And Mary Bora said in an interview on 4 May, it did not conduct any negotiations with Malchow, GM will continue to implement its own plan.
But Oman highlighted the GM for specific cooperation projects still remain open, such as the current transmission system developed in conjunction with Ford, developed in conjunction with fuel cell technology of Honda, together with PSA Peugeot Citroen to build attitude a new car in the European market.
Malchow has been calling for the merger of one of the reasons he considers the investment rate automakers performance is not high, and even published an article earlier this month, the analysis entitled "Capital addicts repentance" (Confessions a junkie capital), said car prices have the potential to be shared 40-50% of the development costs, which can be converted into an additional annual profit of 25 to € 4.5 billion. But GM has said that the low return on investment has nothing to do with herself, Oman explained. "Our goal is to return the capital investment by 20% in recent years has been able to achieve."
Currently, according to the terms of global annual sales, General Motors is in third place, behind Toyota and Volkswagen. Oman asked, "Is it possible to return to the world," he said the company is currently more concerned with the customer, of course, if the common outstanding performance in the top three will have a better ranking.
The European recovery plan
Oman also stressed that GM's European operations are moving towards road losses, although the fall of the Russian market, but thanks to the new strategy and improved pricing, there is still hope to achieve the goal.
Opel / Vauxhall Corsa has recently launched a new small car will be launched this summer, Karl / Live mini-car, will eventually have the Astra compact car.
The first quarter of 2015, GM Europe business operating loss of $ 239 million, compared with $ 284 million in the same period of 2014 has been reduced.
