FCA rumored to sell off Maserati, Alfa Romeo to tackle billions in debt

12 January 2017 - motor1

2017 Alfa Romeo Giulia

The company currently has nearly $7 billion in debt.

Black clouds are hanging over Fiat Chrysler Automobiles and the multinational company could be forced to take drastic measures. FCA is currently being investigated by the National Highway Traffic Safety Administration for roll-away complaints for one million 2014-2016 Dodge Durango and 2013-2017 Ram 1500 pickup, and is also recalling 1.4 million vehicles in the United States for airbags issues. These two factors, combined with low profits and a nearly $7-billion debt as of Q3 of 2016, could lead to FCA selling Alfa Romeo and Maserati, according to some new reports.

Industry analysts believe FCA's current focus on SUVs and crossovers is a smart move, but it may not be enough to get the company out of the situation. However, investment researcher Evercore ISI has changed its forecast from negative to positive, as it thinks selling Alfa Romeo and Maserati could be the answer, while Berenberg Bank also adds the supplier Magneti Marelli to a possible deal.

Evercore ISI also points out Sergio Marchionne, CEO of Fiat Chrysler Automobiles, is probably the auto leader most concerned with shareholder value.

"While Marchionne has not always delivered, we believe he genuinely cares more about the equity holder than other CEOs in the business," Evercore ISI analyst George Galliers commented for Forbes.
Rumors about Alfa Romeo finding a new owner have been swirling around for years. A look back shows Volkswagen was interested in the Italian brand some six years ago – and even promised to give the marque Porsche-sourced engines. However, Marchionne decided to keep the brand under FCA's umbrella and overhaul its model range, introducing the new Giulia sedan and the company's first-ever SUV, the Stelvio.

News By Tags

a1alfaalfa romeoAlfa Romeo 4CAlfa Romeo GiuliaAlfa Romeo StelvioAlpinaalpinealpine a110amazonAston MartinaudiAudi A3Audi E-tronAudi R8Audi RS3Audi Rs5Audi SQ8AustraliaAustrijaautiautocestaautocesteautoindustrijaautomobilautomobiliautomobilska industrijaautoškolaBentleybenzinbikebikesbmwBMW 3 seriesBMW 4 SeriesBMW 7 SeriesBMW 8 SeriesBMW i3BMW i4BMW m3BMW M4BMW M5BMW X3BMW X7boatboatsBosna i HercegovinabrabusbrzinaBugattiburacampercamper vanCentar za vozila HrvatskecestacestarinacesteChryslercitroenCitroen C3citroen c4classicscrash testcrossoverCustom cardaciaDacia DusterDalmacijaDetroit Auto ShowdieselDiesel bandiesel scandaldieselgateDizeldizelašidrag raceDucatiDugopoljeDysonelectricelektrična vozilaelektrični automobilEUeuropeeuropska unijaevFCAferrarifiatfordFord FiestaFord FocusFord MustangFord PumaFord RangerFord TransitFrankfurt Motor ShowfunnygenesisGeneva Motor ShowgermanyGMgorivoGrand TourgranicagumegužvehacHAKHarley-DavidsonHoldenhondahow toHrvatskaHrvatske cestehybridhydrogenhyundaiHyundai KonaHyundai Santa FeHyundai TucsonIgor NešićistraživanjejaguarjeepJeep WranglerJeremy ClarksonkamionKaznakazneKiaKia SportageKia Stingerkoenigseggkoronaviruskupnjalamborghinilancialand roverLand Rover DefenderLexusMaseratiMate RimacmazdamercedesMercedes SprinterMercedes X-Classmilan bandićmitsubishiMotociklimotorcyclemotorsportMUPnesrećaNikolanissanNissan ArmadaNissan LeafNissan TitanNjemačkanovi automobiliNovskaOleg ButkovićopelOpel AstraOpel ComboOpel CorsaosiguranjeOsijekParis Motor Showparkiranjepeugeotpeugeot 2008peugeot 208Peugeot 3008Peugeot 308Peugeot 5008Peugeot 508pickuppolandpolicijapolovni automobiliporezporeziporschePorsche 911porsche panamerapotrespožarprekršajiprodajaProdaja automobilaprodajni saloniprometprometnaprometna dozvolaprometna nesrećaPrometne kazneprometne nesrećePSArabljenirabljeni autirabljeni automobilRabljeni automobiliradoviramrecallrecreational vehiclerecreational vehiclesregistracijaRemetinečki rotorrenaultRenault ClioRenault DusterRenault KadjarRenault MeganeRenault Zoerent a carRichard HammondRijekarimacRimac C_TwoRivianromeorotorRVSeatSeat Leonself-driving carservisŠibenikskodaSkoda KaroqSkoda KodiaqSkoda OctaviaSkoda ScalaSlavonski BrodSljemeSlovenijasmartSplitspy shotsSrbijasubarusudarsupercarssuvSuzukitechnologytehnički pregledteslaTesla Model 3toyotaToyota SupraToyota TacomaToyota YaristrajekttrucktržišteTržište automobilatuningtvornicaukUSAvanVaraždinVolkswagenVolkswagen ArteonVolkswagen GolfVolkswagen PassatVolkswagen Tiguanvolvovozačivozačka dozvolavozački ispitvozilaVOZNI PARKvwVW ArteonVW Atlasvw beetleVW GolfVW Golf VIIIvw jettaVW PoloVW T-CrossVW T-RocYachtYamahayugoZadarZagrebZagreb Auto Showzakonzakon o sigurnosti prometa na cestamazastavazimske gume