FCA Announces Access to US Cash, Will Be Invested in Maserati, But Not the Alfieri - Maserati Alfieri Forum
 
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post #1 of 8 (permalink) Old 03-18-2016, 01:06 PM Thread Starter
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FCA Announces Access to US Cash, Will Be Invested in Maserati, But Not the Alfieri



FCA CEO Sergio Marchionne finally had some good news to share with the public and his investors, the company has penned a deal that will give it access to $2.8 billion that are currently held in its North American-based operations known as FCA US, formerly known as Chrysler Group LLC.

Restrictions had been placed on these funds back in May 2011. Marchionne had promised to pay off the debt of FCA US as quickly as possible when Fiat bought Chrysler, "for the benefit of the rest of the rest of the FCA Group."

A FCA company statement states:

Quote:
“The Amendments represent the final step toward allowing the free flow of capital among members of the FCA Group, as previously announced, and enabling access to the second 2.5 billion-euro tranche of FCA’s 5 billion-euro syndicated revolving credit facility.”

The newly available funds can now be utilized to fuel FCA's aggressive business plan that runs through to 2018.
That plan includes significant expansion of FCA brands Jeep, Maserati, and Alfa Romeo.

With regards to Maserati and the Alfieri, it appears that Maserati will indeed benefit from the influx of capital, but it has not altered the brand's decision to delay or cancel the Alfieri.

Maserati CEO Harald Wester told Motoring at the Geneva Motor Show that he had "no comment" on the Alfieri and its status beyond what had already been said. He added:

Quote:
“the next one will be substitution of GranTursimo, GranCabrio by successors."
A slowdown in China has caused FCA to refocus its model plans towards products that will appeal more to North American and European customers. This precipitated the delay of the Alfieri, as well as an even greater focus on Jeep SUVs, Ram trucks, the Maserati Levante and the Alfa Romeo CUV range.

Wester also decreased the sales goal for Maserati, adjusting it to 50,000 by the end of the decade, instead of 75,000.



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post #2 of 8 (permalink) Old 03-18-2016, 05:58 PM
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I bet Maserati might even look into making unique offerings to China since that market is growing and I think is even more stable.
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post #3 of 8 (permalink) Old 03-27-2016, 02:59 PM
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$2.8 billion and FCA can't spare any for Maserati...I can understand they position on it but it doesn't mean I like it. Most of that fund will probably be used towards their higher profit marques and with the Levante coming out, Maserati may not see anything new for a while.
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post #4 of 8 (permalink) Old 03-28-2016, 05:08 PM Thread Starter
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I don't think they would make Maseratis unique for China, but I do think that they may tailor vehicles more towards China. Those vehicles would still be sold globally though.



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post #5 of 8 (permalink) Old 03-31-2016, 11:35 AM
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A slowdown in China has caused FCA to refocus its model plans towards products that will appeal more to North American and European customers.
Maserati isn't gunning for the China market, they're aiming elsewhere. North American and European customers apparently like the GranTursimo and GranCabrio more than what the Alfieri could have been so Maserati is concentrating their funds there.
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post #6 of 8 (permalink) Old 04-03-2016, 04:13 PM Thread Starter
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Exaclty.

But but before I think that China was more in the picture for Maserati.



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post #7 of 8 (permalink) Old 04-17-2016, 06:14 PM
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They're probably going to concentrate on the Levante and the next Gran Turismo that's supposed to come out in 2018.
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post #8 of 8 (permalink) Old 04-28-2016, 11:20 AM
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Quote:
Originally Posted by Meatballs View Post
They're probably going to concentrate on the Levante and the next Gran Turismo that's supposed to come out in 2018.
That and even improving on their current volume products, the Ghibli and even the Quattoporte. But the Ghibi is doing well and making changes that could boost its sales volume will be a wise move. Sometimes that's all some car makers need is a few strong high volume products to be established, which sets the foundation for other models to come to market.
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