Peugeot S.A.(PEUGF)- OTCPK - Current
  • Jan. 6, 2015, 8:20 AM
    • The spinoff of Ferrari could give Fiat Chrysler Automobiles (NYSE:FCAU) enough breathing room to seek a merger partner, according to auto industry analysts.
    • The rising cost of developing clean cars in Europe and the U.S. sets the stage for automakers to join forces through mergers and extended partnerships.
    • "Eventually it must happen," notes FCA chief Sergio Marchionne on the topic of mega-mergers.
    • No company is too big to be ruled out of the merger discussions due to the benefits of scaling investment costs and matching strengths/weaknesses in Europe, Latin America, China, and the U.S, note insiders.
    • Automakers: GM, F, TM, FCAU, HMC, OTCPK:NSANY, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, OTCPK:FUJHY, OTCPK:MMTOF, OTCPK:PEUGF, OTC:RNSDF, TTM, KNDI. OTCPK:SZKMY, OTCPK:MZDAY.
    | Jan. 6, 2015, 8:20 AM | 38 Comments
  • Oct. 22, 2012, 6:10 AM

    GM (GM) makes an informal offer to buy the 17% of its Korean unit held by state-run Korea Development Bank, which has a veto over decision-making. A deal would boost GM's stake to 94% in the operations - which provide an important production base - and allow the car maker to restructure the unit. Separately, GM and Peugeot plan to announce a joint purchasing agreement soon, but dismiss union claims that they intend to build cars in Brazil.

    | Oct. 22, 2012, 6:10 AM | 1 Comment