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FRANKFURT (Reuters) – FiatChrysler’s late Chief Executive Sergio Marchionne argued for deeper auto industry consolidation in an April 2015 presentation which said 50 percent of carmakers’ research and development investments were being wasted on duplicate efforts. The auto industry is wary of risky takeover deals but Marchionne’s focus on return on capital has prompted carmakers to seek new ways to save on manufacturing and research costs through arms-length alliances, some of which are listed below gucci bee cufflinks uk sale.
October 2018 – Volkswagen says it is open to deeper alliances particularly in the area of autonomous driving and could envisage sharing its electric vehicles platform with Ford gucci bee cufflinks uk sale. October 2018 – Honda Motor Co says it will invest $2.75 billion euros and take a 5.7 percent stake in General Motors Co’s Cruise self-driving unit. June 2018 – Ford Motor and Volkswagen AG confirm an alliance in the area of commercial vehicles. The companies say they have no plans for an equity swap or cross-ownership structure as part of the deal, but are exploring other areas of cooperation..
February 2018 – Geely’s chairman Li Shufu reveals he has bought a 9.69 percent stake in Mercedes-Benz parent Daimler, worth around $9 billion. January 10, 2018 – Mazda and Toyota announce they will open a $1.6 billion joint-venture car factory in Huntsville, Alabama, in 2021. Toyota takes a 5 percent stake in Mazda as part of the deal gucci bee cufflinks uk sale. August 1, 2017 – General Motors sells its European brands Opel and Vauxhall to France’s PSA Group for 2.2 billion euros in a landmark deal which sees GM abandoning volume sales as its performance benchmark..
May 2016 – Nissan Motor. Co buys a 34 percent stake in Mitsubishi Motors, handing it de facto control over the carmaker in a $2.2 billion deal. January 2016 – Toyota Motor Corp, which already owned 51.2 percent of Japanese rival Daihatsu, buys the remaining stake in an all stock deal worth $3 billion. September 2015 – FiatChrysler CEO Marchionne emails General Motors chief executive Mary Barra asking her to explore a combination of the two carmakers and is rebuffed. April 2015 – The French state increases its Renault stake to 19.74 percent from 15 percent in a deal designed to block efforts by Nissan to increase its influence over Renault gucci bee cufflinks uk sale. The deal is orchestrated by economy minister — and now French president — Emmanuel Macron..
January 2014 – Fiat, under Marchionne’s leadership, tightens its grip on Chrysler Group LLC by buying the 41.46 percent stake it did not already own in a $4.35 billion deal. July 2012 – Volkswagen AG takes full control of Porsche AG, integrating it into its multi-brand empire gucci bee cufflinks uk sale. April 2010 – Renault-Nissan boss Carlos Ghosn and Daimler CEO Dieter Zetsche unveil an arms-length cooperation alliance including mutual cross-shareholdings of around 3 percent. In 2014, this is extended to sharing vehicle platforms and a factory in Aguascalientes, Mexico, between Nissan’s Infiniti brand and Mercedes-Benz..