Tuesday, August 22, 2017

GWM may buy Jeep, or Ram from FCA. Hold the phone?!!

It is time to inform you of China's leading sport utility vehicle (SUV) maker, Great Wall Motor. The company goes by the acronym, GWM; and the huge Chinese automotive firm is trying to acquire Jeep from Fiat Chrysler Automobiles (FCA). Forty eight hours ago, executives from Great Wall Motor made it clear that they wanted to buy Jeep. Today, the Great Wall Motor co. is doing an about face by stating that there are huge obstacles to overcome before the deal can go through. The Trump admin. and other higher ups' in Washington DC would have a tough time approving this merger. Also, FCA exec. have said that Great Wall Motor co. did not approach them with 'let's make a deal.' Fiat Chrysler CEO Sergio Marchionne has mentioned that a new partner, in the automotive world could help FCA to become a more nimble company. Yet, Volkswagen and General Motors declined Sergio's offers in the past two years. Marchionne has mentioned in the past, that Jeep or Ram brands could be sold before 2017 ends. Both brands are the FCA's main moneymakers. If Jeep or Ram were to be sold, the brand's development teams would be gone as well. Both of the brands have strong development teams, which would bring a large amount of automotive and engineering knowledge to help their new company(s). Furthermore, the following three brands of Dodge, Maserati, and Alfa-Romeo; would have to produce a major uptick in sales if Jeep or Ram were to be sold off. Jeep is projecting global sales of 2 million vehicles, a nearly four-fold increase from the start of the five-year FCA plan initiated in 2013. This sales projection is an outlandish one for 2018, for Jeep to achieve. At this time, the global automotive world is experiencing a massive SUV boom like never seen before. Fiat has old headquarters in Turin, Italy; and current headquarters in London, UK. FCA is registered in the Netherlands, and Chrysler has a huge domestic base in Auburn Hills, Michigan. All four of these countries (US; England; Italy; and the Netherlands) would have to vote 'yes'; before any major deal is made. The selling of Jeep, or Ram would face tough market scrutiny from Europe, Asia, and North America. China has tried to enter the US automotive market for the past decade, but it has been unsuccessful in each attempt. FCA is the world's seventh largest auto manufacturer. Lastly, Mr. Marchionne is the top man at the following companies: CNH Industrial, FCA, Ferrari, Maserati, and SGS (swiss based MNC). It is incredible how he helps his employees to manage all of these well known firms, on a global scale. Enjoy the picture above of Great Wall Motor, with its well-crafted slogan. As for Sergio Marchionne, he bids you with 'addio.'

Tuesday, August 8, 2017

Have you heard about Amber and Elon splitting? Latest on the Musky tech. innovator

Unfortunately, Elon Musk (founder of PayPal, SpaceX, and Tesla plus other co.) has split from Amber Heard, beautiful Hollywood siren. For Amber, she had moved on from her ex-husband Johnny Depp; to dating Elon. Now, Amber and Elon are in splittsville. They remain friends and their busy work schedules led to the breakup. Amber will be in the 'justice league' movie, which releases in 3 months in theaters. Amber and Elon dated for almost a year, and their relationship was kept private. Smart move by both people. Let's move onto Elon, and his companies. Tesla and Solarcity merged in late 2016/first quarter 2017. Recently, Peter Rive left Tesla and he was one of the main founders of SolarCity. Many well known executives from SolarCity have left the newly formed company. SpaceX is going to launch the Falcon Heavy rocket, which has three boosters. The private space company raised $350 million recently, valuing the company at $21 billion last month. Falcon Heavy rocket is more powerful than the latest space rocket, which NASA had produced. Next, Tesla is continuing their push to sell the Model 3 sedans to the general public in third and fourth quarters of 2017. Tesla's electric car has to make a profit in 2nd half of 2017, or it will continue to be a profitless company for shareholders and stakeholders alike. TSLA has market cap. of $61 Billion on NASDAQ stock exch., and they will produce a model X and Y car also. When these electric auto models will hit the pipeline, who knows? Let's go underground now to the Boring Company, Musk's foray into building low cost tunnels for an eventual Hyperloop. This company is the most current one, which Elon started. It is constructed to alleviate traffic, for all auto consumers nationwide. The main goal is to see people drive from NY to Washington DC in less than 135 minutes, via the super fast tunnels. From first glance, this idea seems preposterous yet Musk has beaten the odds before. Like SpaceX and Tesla, the company will be based in CA. SpaceX calls Hawthorne, an southern suburb of LA; as its home. Tesla has its main offices in Fremont, and Silicon Valley. The Boring Company is calling Los Angeles, as its company headquarters. Lastly, Mr. Musk has admitted that his life is replete with an unrelenting stress to be the best. He opened up to marketwatch.com, and other news outlets on his uncanny work ethic and motivation to achieve success on his own standards. Many business leaders would be shocked to hear about Elon's fifteen to twenty hour working day, as opposed to the usual 8-10 hr. work day of many average global employees. In closing, Elon may or may not have depression but he strives to control his flaws. Everyone can't be perfect, and Elon knows it. Enjoy the picture, and quote by Elon. It is true in many ways, and it can interpreted for all sorts of go-getters.