Prospectus for the Listing of $1.5 Billion 4.500% Senior Notes

Total Page:16

File Type:pdf, Size:1020Kb

Prospectus for the Listing of $1.5 Billion 4.500% Senior Notes Prospectus dated August 14, 2015 FIAT CHRYSLER AUTOMOBILES N.V. (a public limited liability company incorporated under the laws of the Netherlands No. 60372958) $1,500,000,000 4.500% SENIOR NOTES DUE 2020 $1,500,000,000 5.250% SENIOR NOTES DUE 2023 _________________________________________________________________ On April 14, 2015, Fiat Chrysler Automobiles N.V. (the “Issuer”), a public limited liability company (naamloze vennootschap) incorporated and operating under the laws of the Netherlands, issued its $1,500,000,000 4.500% Senior Notes due 2020 (the “Initial 2020 Notes”) and its $1,500,000,000 5.250% Senior Notes due 2023 (the “Initial 2023 Notes” and collectively, the “Initial Notes”). The Initial Notes have not been registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws. The Initial Notes may not be offered or sold to U.S. persons, except to persons reasonably believed to be qualified institutional buyers in reliance on the exemption from registration provided by Rule 144A under the Securities Act and to certain persons in offshore transactions in reliance on Regulation S under the Securities Act. You are hereby notified that sellers of the Notes may be relying on the exemption from the provisions of Section 5 of the Securities Act provided by Rule 144A. For a description of certain restrictions on transfers of the Notes see “Transfer Restrictions” in the Original Prospectus (as such term is defined below). On July 28, 2015 the Issuer issued $1,460,345,000 aggregate principal amount of its 4.500% Senior Notes due 2020 registered under the Securities Act (the “2020 Notes”) and $1,467,939,000 aggregate principal amount of its 5.250% Senior Notes due 2023 registered under the Securities Act (the “2023 Notes” and together with the 2020 Notes, the “New Notes”). The 2020 Notes were offered in exchange for a corresponding amount of the Issuer’s outstanding Initial 2020 Notes. The 2023 Notes were offered in exchange for a corresponding amount of the Issuer’s outstanding Initial 2023 Notes. The Initial Notes and the New Notes are referred to collectively as the “Notes”. The Initial Notes and the New Notes are treated as part of the same series under the Indenture (defined below). The Notes are the unsecured senior obligations of the Issuer and are senior in right of payment to any future subordinated indebtedness and to any of the Issuer’s existing indebtedness which is by its terms subordinated in right of payment to the Notes. The Notes rank pari passu in right of payment with respect to all of the Issuer’s existing and future unsubordinated indebtedness. The Issuer is a holding company and most of its operations are conducted through its subsidiaries. Payments of interest and principal on the Notes may depend on the ability of the Issuer’s operating subsidiaries to distribute cash or other property to the Issuer. The Notes are not guaranteed by the Issuer’s subsidiaries, and therefore effectively rank junior to the liabilities of the Issuer’s current and future subsidiaries to the extent of the assets of such subsidiaries. The Notes were issued pursuant to an Indenture dated April 14, 2015 (the “Indenture”) between the Issuer and The Bank of New York Mellon, as Trustee. The terms of the Initial Notes and the New Notes are identical, except the Initial Notes are subject to transfer restrictions and bear different CUSIPs/ISINs. See “Transfer Restrictions” in the Original Prospectus (defined below) for a description of the transfer restrictions. This supplement dated August 14, 2015 (the “Supplement”) forms part of and should be read together with the attached prospectus dated June 17, 2015 (the “Original Prospectus”) and the attached half year report for the six months ended June 30, 2015 (the “Half Year Report”), attached hereto as Annex I and Annex II respectively. The Supplement does not constitute a supplement for the purposes of Article 16 of Directive 2003/71/EC, as amended (the “Prospectus Directive”). The Supplement and the Original Prospectus together constitute a prospectus (the “Prospectus”) for the purposes of Article 5.4 of the Prospectus Directive. If the information in this Supplement differs from the information contained in the Original Prospectus, the information in this Supplement shall prevail. The Prospectus has been approved by the Central Bank of Ireland (the “Central Bank”), as competent authority under the Prospectus Directive. The Central Bank only approves this Prospectus as meeting the requirements imposed under Irish and EU law pursuant to the Prospectus Directive. Application has been made to the Irish Stock Exchange for the Notes to be admitted to the official list (the “Official List”) and trading on its regulated market (the “Main Securities Market”). The Main Securities Market is a regulated market for the purposes of Directive 2004/39/EC, as amended (the “Markets in Financial Instruments Directive”). Such approval relates only to the Notes which are to be admitted to trading on a regulated market for the purposes of the Markets in Financial Instruments Directive and/or which are to be offered to the public in any Member State of the European Economic Area. Any information sourced from third parties contained in this Prospectus has been accurately reproduced and, as far as the Issuer is aware and is able to ascertain from information published by that third party, no facts have been omitted which would render the reproduced information inaccurate or misleading. The Issuer accepts responsibility for the information contained in this Prospectus. To the best of the knowledge and belief of the Issuer (which has taken all reasonable care to ensure that such is the case), the information contained in this Prospectus is in accordance with the facts and does not omit anything likely to affect the import of such information. ii TABLE OF CONTENTS Page(s) RISK FACTORS ........................................................................................................................... iv GENERAL INFORMATION ................................................................................................... xxxv ANNEX I ............................................................................................................................... xxxviii ANNEX II ................................................................................................................................ xxxiv iii RISK FACTORS Investing in the Notes involves a high degree of risk. You should carefully consider the following risk factors and all other information contained in this Prospectus before deciding whether to invest in the Notes. The risks and uncertainties described below are not the only ones facing us. Additional risks and uncertainties that we are unaware of or that we currently believe to be immaterial, may also become important factors that affect us. If any of the following events occur, our business, financial condition and results of operations could be materially and adversely affected. In this section, unless otherwise specified or the context otherwise requires, the terms “we,” “our,” “us,” the “Group,” the “Company” and “FCA” refer to Fiat Chrysler Automobiles N.V., together with its subsidiaries, following completion of the merger of Fiat S.p.A. with and into us on October 12, 2014, which we refer to as the “Merger,” or to Fiat S.p.A. together with its subsidiaries, prior to the Merger. Terms not otherwise defined in this section shall have the meanings ascribed to them in the Original Prospectus. Risks Relating to Our Business Our profitability depends on reaching certain minimum vehicle sales volumes. If our vehicle sales deteriorate, particularly sales of our minivans, larger utility vehicles and pick-up trucks, our results of operations and financial condition will suffer. Our success requires us to achieve certain minimum vehicle sales volumes. As is typical for an automotive manufacturer, we have significant fixed costs and, therefore, changes in vehicle sales volume can have a disproportionately large effect on our profitability. For example, assuming constant pricing, mix and cost of sales per vehicle, that all results of operations were attributable to vehicle shipments and that all other variables remain constant, a ten percent decrease in our 2014 vehicle shipments would reduce our Earnings Before Interest and Taxes, or EBIT, by approximately 40 percent for 2014, without accounting for actions and cost containment measures we may take in response to decreased vehicle sales. Further, a shift in demand away from our minivans, larger utility vehicles and pick-up trucks in the U.S., Canada, Mexico and Caribbean islands, or NAFTA, region towards passenger cars, whether in response to higher fuel prices or other factors, could adversely affect our profitability in the NAFTA region. Our minivans, larger utility vehicles and pick-up trucks accounted for approximately 44 percent of our total U.S. retail vehicle sales in 2014 (not including vans and medium duty trucks) and the profitability of this portion of our portfolio is approximately 33 percent higher than that of our overall U.S. retail portfolio on a weighted iv average basis. A shift in demand such that U.S. industry market share for minivans, larger utility vehicles and pick-up trucks deteriorated by 10 percentage points and U.S. industry market share for cars and smaller utility vehicles increased by 10 percentage points, whether in response to higher fuel prices or
Recommended publications
  • I MIEI 40 ANNI Di Progettazione Alla Fiat I Miei 40 Anni Di Progettazione Alla Fiat DANTE GIACOSA
    DANTE GIACOSA I MIEI 40 ANNI di progettazione alla Fiat I miei 40 anni di progettazione alla Fiat DANTE GIACOSA I MIEI 40 ANNI di progettazione alla Fiat Editing e apparati a cura di: Angelo Tito Anselmi Progettazione grafica e impaginazione: Fregi e Majuscole, Torino Due precedenti edizioni di questo volume, I miei 40 anni di progettazione alla Fiat e Progetti alla Fiat prima del computer, sono state pubblicate da Automobilia rispettivamente nel 1979 e nel 1988. Per volere della signora Mariella Zanon di Valgiurata, figlia di Dante Giacosa, questa pubblicazione ricalca fedelmente la prima edizione del 1979, anche per quanto riguarda le biografie dei protagonisti di questa storia (in cui l’unico aggiornamento è quello fornito tra parentesi quadre con la data della scomparsa laddove avve- nuta dopo il 1979). © Mariella Giacosa Zanon di Valgiurata, 1979 Ristampato nell’anno 2014 a cura di Fiat Group Marketing & Corporate Communication S.p.A. Logo di prima copertina: courtesy di Fiat Group Marketing & Corporate Communication S.p.A. … ”Noi siamo ciò di cui ci inebriamo” dice Jerry Rubin in Do it! “In ogni caso nulla ci fa più felici che parlare di noi stessi, in bene o in male. La nostra esperienza, la nostra memoria è divenuta fonte di estasi. Ed eccomi qua, io pure” Saul Bellow, Gerusalemme andata e ritorno Desidero esprimere la mia gratitudine alle persone che mi hanno incoraggiato a scrivere questo libro della mia vita di lavoro e a quelle che con il loro aiuto ne hanno reso possibile la pubblicazione. Per la sua previdente iniziativa di prender nota di incontri e fatti significativi e conservare documenti, Wanda Vigliano Mundula che mi fu vicina come segretaria dal 1946 al 1975.
    [Show full text]
  • Fiat Chrysler Automobiles N.V., ) V.M
    VIRGINIA: IN THE CIRCUIT COURT OF THE COUNTY OF HENRICO COMMONWEALTH OF VIRGINIA, EX REL. MARK R. HERRING, ) ATTORNEY GENERAL, ) ) Plaintiff, ) ) v. ) CIVIL ACTION NO. ) FCA US LLC, ) FIAT CHRYSLER AUTOMOBILES N.V., ) V.M. MOTORI S.P.A., ) AND V.M. NORTH AMERICA, INC., ) ) Defendants. ) COMPLAINT The Plaintiff, Commonwealth of Virginia, by and through its Attorney General, Mark R. Herring, brings this action complaining of FCA US LLC ("FCA") and Fiat Chrysler Automobiles N.V. ("Fiat N.V." and, together with FCA, the "Fiat Defendants" or simply "Fiat"); and VM Motori S.p.A. ("VM Italy") and VM North America, Inc. ("VM America" and, together with VM Italy, the "VM Defendants" or simply "VM"), and states as follows: I. INTRODUCTION The Commonwealth of Virginia seeks relief for the massive and deliberate deception of consumers and regulators perpetrated by the aforementioned Defendants (collectively "FCA") in relation to the certification, marketing, and sale to consumers of more than 100,000 model year ("MY") 2014-2016 "EcoDiesel" Ram 1500 pickup trucks and Jeep Grand Cherokee sport utility 1 vehicles (the "Diesel Vehicles" '), including more than 2,000 within the Commonwealth of Virginia (the "Virginia Diesel Vehicles"). 2. Defendants designed, deployed and then concealed from the public and regulators multiple auxiliary emission control devices ("AECDs") in the Diesel Vehicles' electronic control modules. Those AECDs, when used alone or in combination with another device, operated as illegal "defeat devices": software strategies that optimize emission controls during formal emissions test cycles so that emissions appear to be within legal limits while reducing emission controls outside of those test cycles ("off-cycle") in normal, real-world operations.
    [Show full text]
  • Dealspeak, with Mergermarket/Dealreporter ECM, Focuses on Trends Surrounding the Landmark Pirelli Listing Dealspeak 29 September 2017
    An Acuris Company This week Dealspeak, with Mergermarket/Dealreporter ECM, focuses on trends surrounding the landmark Pirelli listing Dealspeak 29 September 2017 European sector variation by number of IPOs YTD +17 +6 +13 +3 +5 +24 Pharma, Industrials & Technology Real Estate Energy, Mining Med. and Chemicals Other Biotech & Utilities Mergermarket.com Mergermarket Dealspeak 29 - Sep - 2017 2 Upcoming automotive/luxury IPOs Details Company Expected Listing Stock Exchange Estimated Implied Peer Group Key Financials Underwriters Major Shareholders Date Equity Value* Jaguar Land TBC TBC GBP 10bn - GBP BMW (main), Ferrari, 2017 Revenue: over GBP 20bn. TTM EBITDA to TBC Tata Motors Rover 14bn Daimler 31-Dec-15: GBP 3.87bn, Net debt: GBP 104m (Int) Volvo Cars Q4 2017 NASDAQ EUR 5.6bn BMW 9m 2016 Revenue: EUR 12.9bn, EBIT: EUR 732m; Potentially Zhejiang Geely Holding, AMF, First Stockholm or/ Equity: EUR 4.3bn. 2015 Revenue: EUR 17.6bn (Int) Nordea Swedish National Pension Fund, Magneti End of 2017 TBC EUR 4bn - EUR Annual Revenue: EUR 7.9bn; EBITDA margin of 5% TBC Fiat Chrysler Automobiles Marelli 5bn (Int) Valentino Delayed to H1 2018. Italian Stock EV of EUR 3.2bn Prada, Hermes and 2016 Revenue: EUR 1.11bn, EBITDA: EUR 206m. TBC Mayhoola For Investments IPO or potential sale Exchange (based on EBITDA Salvatore Ferragamo 2015 Revenue: EUR 986m, EBITDA: EUR 183m (Int) to strategic investor. of EUR 206m). (main), LVMH Aston Martin 2018. IPO or London Stock GBP 1.95bn Ferrari (main), LVMH, TTM Revenue as of H1-17: GBP 791m; EBITDA: GBP TBC Investindustrial (37%), Investment Dar, Lagonda potential sale to Exchange Kering, BMW 174.6m; Net debt: GBP 419m (FS) Adeem Investment, Daimler (5%) strategic investor Groupe SMCP End of 2017 Euronext Paris EUR 1.23bn - EUR Moncler (main), Burberry, 1H-17 Revenue: EUR 439m, EBITDA: EUR 73m.
    [Show full text]
  • Pirelli Original Equipment & Replacement Passenger & Light Truck Tires
    LIMITED WARRANTY PIRELLI ORIGINAL EQUIPMENT & REPLACEMENT PASSENGER & LIGHT TRUCK TIRES What Is Warranted and Who Is Eligible For Warranty Coverage? Pirelli Tire LLC (Pirelli), 100 Pirelli Drive, Rome, GA 30161, warrants that all Pirelli Original Equipment and New Replacement Passenger and Light Truck tires with a complete D.O.T. identification number and branded “Pirelli” which are supplied by Pirelli, either directly or through an authorized Pirelli dealer, and which are mounted on passenger vehicles and light trucks for primary use within the U.S.A. and Canada will be free from defects in workmanship and materials. This Limited Warranty is extended to the first retail purchaser of the tire in the United States and Canada or to the original owner of the vehicle on which Pirelli tires come mounted as Original Equipment. This Limited Warranty does not cover any associated service charges, including costs associated with mounting and balancing of the tire, tire rotation, studding, wheel alignment, etc., unless and to the extent otherwise expressly stated herein. Original Equipment and Replacement Tires Definitions “Original Equipment Tires” are Pirelli tires supplied as original equipment by the vehicle manufacturer or vehicle dealer on new vehicles. “Replacement Tires” are Pirelli tires mounted to your vehicle after the Original Equipment Tires or any tires from other manufacturers have been removed from your vehicle. Any references in this Limited Warranty to “Pirelli tires” without specification as to Original Equipment Tires or Replacement Tires should be read as reference to either one or both Original Equipment Tires or Replacement Tires. Other Warranties THIS LIMITED WARRANTY IS THE ONLY EXPRESS WARRANTY GIVEN BY PIRELLI.
    [Show full text]
  • 30 06 2019 Annual Financial Report
    30 06 2019 ANNUAL FINANCIAL REPORT ANNUAL FINANCIAL REPORT 30 06 2019 REGISTERED OFFICE Via Druento 175, 10151 Turin Contact Center 899.999.897 Fax +39 011 51 19 214 SHARE CAPITAL FULLY PAID € 8,182,133.28 REGISTERED IN THE COMPANIES REGISTER Under no. 00470470014 - REA no. 394963 CONTENTS REPORT ON OPERATIONS 6 Board of Directors, Board of Statutory Auditors and Independent Auditors 9 Company Profile 10 Corporate Governance Report and Remuneration Report 17 Main risks and uncertainties to which Juventus is exposed 18 Significant events in the 2018/2019 financial year 22 Review of results for the 2018/2019 financial year 25 Significant events after 30 June 2019 30 Business outlook 32 Human resources and organisation 33 Responsible and sustainable approach: sustainability report 35 Other information 36 Proposal to approve the financial statements and cover losses for the year 37 FINANCIAL STATEMENTS AT 30 JUNE 2019 38 Statement of financial position 40 Income statement 43 Statement of comprehensive income 43 Statement of changes in shareholders’ equity 44 Statement of cash flows 45 Notes to the financial statements 48 ATTESTATION PURSUANT TO ARTICLE 154-BIS OF LEGISLATIVE DECREE 58/98 103 BOARD OF STATUTORY AUDITORS’ REPORT 106 INDEPENDENT AUDITORS’ REPORT 118 ANNUAL FINANCIAL REPORT AT 30 06 19 5 REPORT ON OPERATIONS BOARD OF DIRECTORS, BOARD OF STATUTORY AUDITORS AND INDEPENDENT AUDITORS BOARD OF DIRECTORS CHAIRMAN Andrea Agnelli VICE CHAIRMAN Pavel Nedved NON INDEPENDENT DIRECTORS Maurizio Arrivabene Francesco Roncaglio Enrico Vellano INDEPENDENT DIRECTORS Paolo Garimberti Assia Grazioli Venier Caitlin Mary Hughes Daniela Marilungo REMUNERATION AND APPOINTMENTS COMMITTEE Paolo Garimberti (Chairman), Assia Grazioli Venier e Caitlin Mary Hughes CONTROL AND RISK COMMITTEE Daniela Marilungo (Chairman), Paolo Garimberti e Caitlin Mary Hughes BOARD OF STATUTORY AUDITORS CHAIRMAN Paolo Piccatti AUDITORS Silvia Lirici Nicoletta Paracchini DEPUTY AUDITORS Roberto Petrignani Lorenzo Jona Celesia INDEPENDENT AUDITORS EY S.p.A.
    [Show full text]
  • Page 16 CMY K 08 0515 ALF AC a ROMEO 52116A014E Ar Tw Ork Mark AW Pr AC Inted V Ersion V Ersion CMY K Giulia Quadrifoglio 4C Coupe |
    ALFA ROMEO Artwork Mark Version AW Printed Version CMYK CMYK AC AC 08 05 15 GIULIA QUADRIFOGLIO 4C COUPE | 4C SPIDER 52116A014E Page 16 Page 1 A DRIVING PASSION FUELLED AT FINISH LINES Derived from the Alfa Romeo Alfa Romeo’s reputation for The influence of Enzo Ferrari on 6C 3000 prototype, the 6C performance sedans continued The best of Italian design the history and reputation of the Alfa Corse, the in-house racing 3000 CM Spider’s engine with the introduction of the Giulia roared back to North Alfa Romeo race program is team for Alfa Romeo, prepared capacity was increased to in 1962. Giulia was known for its American shores with the legendary. He began as a test four 8C 2900B cars for the 1938 3,495 cc and produced a top powerful engine and lightweight long-awaited introduction driver for Alfa, and soon became Mille Miglia. With Carrozzeria speed of 250 km/h. It was body, helping it to outperform many of the Alfa Romeo 4C. Its an official driver and dealer. Touring Superleggera roadster the winner of the 1st Gran sports cars of that era. Production of lightweight innovations He then took charge of the entire bodies and Vittorio Jano Premio Supercortemaggiore subsequent Giulia models for both help create an awe-inspiring racing program, establishing magnificent 2900 engines, held in Merano in 1953 and road and track (TZ2 shown below) It is a badge born 105 years ago power-to-weight ratio with Scuderia Ferrari in Modena, where they continued a history of came in second at the Mille continued on and off for decades to thrilling capabilities.
    [Show full text]
  • P 01.Qxd 6/30/2005 2:00 PM Page 1
    p 01.qxd 6/30/2005 2:00 PM Page 1 June 27, 2005 © 2005 Crain Communications GmbH. All rights reserved. €14.95; or equivalent 20052005 GlobalGlobal MarketMarket DataData BookBook Global Vehicle Production and Sales Regional Vehicle Production and Sales History and Forecast Regional Vehicle Production and Sales by Model Regional Assembly Plant Maps Top 100 Global Suppliers Contents Global vehicle production and sales...............................................4-8 2005 Western Europe production and sales..........................................10-18 North America production and sales..........................................19-29 Global Japan production and sales .............30-37 India production and sales ..............39-40 Korea production and sales .............39-40 China production and sales..............39-40 Market Australia production and sales..........................................39-40 Argentina production and sales.............45 Brazil production and sales ....................45 Data Book Top 100 global suppliers...................46-50 Mary Raetz Anne Wright Curtis Dorota Kowalski, Debi Domby Senior Statistician Global Market Data Book Editor Researchers [email protected] [email protected] [email protected], [email protected] Paul McVeigh, News Editor e-mail: [email protected] Irina Heiligensetzer, Production/Sales Support Tel: (49) 8153 907503 CZECH REPUBLIC: Lyle Frink, Tel: (49) 8153 907521 Fax: (49) 8153 907425 e-mail: [email protected] Tel: (420) 606-486729 e-mail: [email protected] Georgia Bootiman, Production Editor e-mail: [email protected] USA: 1155 Gratiot Avenue, Detroit, MI 48207 Tel: (49) 8153 907511 SPAIN, PORTUGAL: Paulo Soares de Oliveira, Tony Merpi, Group Advertising Director e-mail: [email protected] Tel: (35) 1919-767-459 Larry Schlagheck, US Advertising Director www.automotivenewseurope.com Douglas A. Bolduc, Reporter e-mail: [email protected] Tel: (1) 313 446-6030 Fax: (1) 313 446-8030 Tel: (49) 8153 907504 Keith E.
    [Show full text]
  • Universita' Degli Studi Di Padova Caso Juventus F.C
    UNIVERSITA’ DEGLI STUDI DI PADOVA DIPARTIMENTO DI SCIENZE ECONOMICHE E AZIENDALI “MARCO FANNO” CORSO DI LAUREA MAGISTRALE IN ECONOMIA INTERNAZIONALE LM-56 Classe delle lauree magistrali in SCIENZE DELL’ECONOMIA Tesi di laurea CASO JUVENTUS F.C.: DALLA CRISI DEL 2006 AL PROCESSO DI INTERNAZIONALIZZAZIONE DEL BRAND JUVENTUS F.C.: FROM THE CRISIS OF 2006 TO THE INTERNATIONALIZATION OF ITS BRAND Relatore: Prof. BELUSSI FIORENZA Laureando: QUEIROLO FRANCESCO Anno Accademico 2018-2019 Il candidato dichiara che il presente lavoro è originale e non è già stato sottoposto, in tutto o in parte, per il conseguimento di un titolo accademico in altre Università italiane o straniere. Il candidato dichiara altresì che tutti i materiali utilizzati durante la preparazione dell‟elaborato sono stati indicati nel testo e nella sezione “Riferimenti bibliografici” e che le eventuali citazioni testuali sono individuabili attraverso l‟esplicito richiamo alla pubblicazione originale. Firma dello studente _________________ INDICE Introduzione ................................................................................................................... pag. 5 1. Il marketing ed il branding nello sport 1.1. Introduzione al marketing ................................................................................ pag. 7 1.2. Il marketing strategico e il marketing mix ....................................................... pag. 10 1.3. Inbound marketing ........................................................................................... pag. 18 1.4. Marketing
    [Show full text]
  • A Work Project, Presented As Part of the Requirements for the Award of a Master's Degree in Finance from the Nova School of Bu
    A Work Project, presented as part of the requirements for the Award of a Master’s degree in Finance from the Nova School of Business and Economics. PSA-FCA Merger: Carlos Tavares’ road to glory? Ricardo Manuel Firmino Cristóvão Work project carried out under the supervision of: Professor Paulo Soares de Pinho 03-01-2021 PSA-FCA Merger: Carlos Tavares’ road to glory? Abstract The present case-study intends to analyse the merger of Groupe PSA (Peugeot Société Anonyme) and FCA Group (Fiat Chrysler Automobiles), announced on the 18th of December 2019. The case-study will explore the merger through a narrative and a teaching note. The narrative will explore the history of both groups and relevant events that influence their path to the present situation, while also providing the details of the merger. The teaching note will study the motivations of both groups to be part of the deal, analyse the expected synergies and possible gains or losses for shareholders. Key words: Merger; Fiat Chrysler Automobiles; Peugeot Société Anonyme; Automotive Industry This work used infrastructure and resources funded by Fundação para a Ciência e a Tecnologia (UID/ECO/00124/2013, UID/ECO/00124/2019 and Social Sciences DataLab, Project 22209), POR Lisboa (LISBOA-01-0145-FEDER-007722 and Social Sciences DataLab, Project 22209) and POR Norte (Social Sciences DataLab, Project 22209). 1 PSA-FCA Merger: Carlos Tavares’ road to glory? It was September 2019, and Carlos Tavares, Groupe PSA’s CEO, was sitting in his office after a board meeting. Tavares was thinking about the mandate he had attributed to his former colleague at Nissan Larry Dominique: getting Peugeot back into the U.S.
    [Show full text]
  • European Car and Light Commercial Vehicle Production Outlook
    European Car and Light Commercial Vehicle Production Outlook November 2012 SMMT, the 'S' symbol and the ‘Driving the motor industry’ brandline are trademarks of SMMT Ltd Contents Introduction and analysis overviews: Individual vehicle manufacturer reviews: About this report 3 BMW 61 Key Highlights 4 Daimler 68 Economic Background 10 Fiat (incl. Chrysler) 74 Automotive Market Overview 17 Ford 80 Overcapacity & Restructuring 22 GM 85 Demand Side Perspective 29 Honda 91 UK VM Summary 30 Hyundai-Kia 93 Production Outlook Overview 34 PSA 96 Country Rankings 48 Renault-Nissan-Dacia 102 Alternative Scenarios 52 Suzuki 111 Disclaimer 59 Tata – Jaguar Land Rover 112 Toyota 116 Volkswagen (incl. Porsche) 119 Aston Martin 128 Geely Volvo 129 Mitsubishi 132 SAIC MG 132 Saab-Spyker 132 Other Chinese – Chery and Great Wall 133 EUROPEAN CAR AND LCV PRODUCTION OUTLOOK REPORT November 2012 | Page 2 About this report This is the sixth 2012 Production Outlook report from AutoAnalysis. The next report will appear in January 2013. The views and projections contained in this report are those of the author, Ian Henry of AutoAnalysis. They do not represent an official SMMT view. The projections regarding new model timings, changes in production locations and the associated production volumes shown here have been compiled on the basis of information from a variety of sources. In most cases, the vehicle companies do not provide official information on which models will be made at which plants, nor do they provide detailed information on future volumes and timings. They have been prepared on the basis of judgments made by AutoAnalysis, taking into account the information, opinion and inside from a range of industry, press and analyst sources available at the time of compiling this report.
    [Show full text]
  • Ram First to Build Light-Duty Diesel Pickup
    Contact: Nick Cappa David Elshoff Ram to Build Industry’s Only Light-duty Diesel Pickup 3.0-liter V-6 EcoDiesel to deliver best-in-class fuel economy, a title already owned by the 2013 Ram 1500 Clean diesel features low CO2 emissions and impressive V-6 capability Diesel engines praised for outstanding range and torque Ram first to market with game-changing technologies February 13, 2013, Auburn Hills, Mich. - Beginning in third-quarter 2013, Ram will become the only brand to offer a small-displacement diesel for its half-ton line of trucks. The 2014 Ram 1500 will offer a new, 3.0-liter EcoDiesel engine, mated with the eight-speed TorqueFlite automatic transmission. The powertrain is expected to deliver an outstanding combination of best-in-class fuel efficiency, best- in-class torque and impressive capability. “Truck owners have been emphatically asking for it, and Ram will be the only manufacturer to offer a diesel powertrain in the half-ton segment with the 2014 Ram 1500 EcoDiesel,” said Fred Diaz, President and CEO — Ram Truck Brand and Chrysler de Mexico, Chrysler Group LLC. “The half-ton truck market is incredibly competitive, and although we’re honored the Ram 1500 has received a number of prestigious awards, we cannot rest on what we have accomplished, we must keep pushing.” The 2013 Ram 1500 won Motor Trend’s Truck of the Year, The North American Truck of the Year and Truck of Texas -- a rare trifecta in the pickup segment. Building on the award-winning truck, the 2014 Ram 1500 EcoDiesel will further stretch its best-in-class fuel economy title lead and continue to raise the innovation bar in one of the automotive industry’s most customer-loyal segments.
    [Show full text]
  • Alfa Occidentale #26 July 2019
    ALFA OCCIDENTALE Issue 26, July - August 2019 Alfa Romeo Disco Volante Superleggera, by Touring On show at the Geneva Motor Show in 2013 This is the 26th edition of ALFA OCCIDENTALE – the electronic newsletter of the Alfa Romeo Owners Club of Australia (WA Division). WA Alfa Club members are invited to provide contributions to future magazine editions, C/-: [email protected] In this edition of Alfa Occidentale, you will find outlined the latest details concerning the club’s upcoming schedule for 2019, including information you need regarding its competition, social & driving events. The club is particularly grateful to Glen Phillips who has provided Alfa Occidentale with a scanned copy of an old article, from an issue of “Thoroughbred and Classsic Cars”, dated November 1982, on the Alfa team manager and racing driver Collaudatore Guidotti. This article is reproduced later in this edition of the magazine. Also in this issue, you will find a detailed photographic record of the WA Alfa club’s recent annual Alfa Romeo birthday dinner held at the Acqua Viva restaurant on the Swan River in Nedlands on Saturday 29th June. Alfa Occidentale is the electronic magazine of the 1 Alfa Romeo Owners CluB of Australia (Western Australian Division) ALFA OCCIDENTALE Issue 26, July - August 2019 2019 AROCA WA COMMITTEE Andrew Murray President [email protected] Rod Quinn Vice-President [email protected] Ivan Olsen Past President [email protected] Stuart Bunt Treasurer [email protected] Greg Smith Secretary [email protected] Ian Glover Membership Secretary [email protected] Ivan Olsen Comp. Secretary/CAMS [email protected] Vacant Club Shop [email protected] Sam Calabro Social Secretary [email protected] David Hamlyn Gen.
    [Show full text]