Anthony Posted June 30, 2016 Share Posted June 30, 2016 http://www.motortrend.com/news/magnas-expanded-car-making-does-not-include-apple-car/ Just a line item in a much larger article: Magna is also talking to Fiat Chrysler Automobiles where CEO Sergio Marchionne wants someone to build compact and midsize cars in the future. He no longer wants to build the Dodge Dart and Chrysler 200 in his own plants, preferring to use FCA plants to make more profitable trucks, SUVs, and minivans. Magna has a long history of making Jeeps and even minivans for Chrysler in Austria. Quote Link to comment Share on other sites More sharing options...
silvrsvt Posted June 30, 2016 Share Posted June 30, 2016 I wonder how profitable this would be really for Magna? Or better yet FCA. I don't get how you can actually expect to sell car that is barely competitive in its segments and make money on it without investing more money on that said product to make it competitive Are they just going to dump it into rental fleets then? 1 Quote Link to comment Share on other sites More sharing options...
aneekr Posted June 30, 2016 Share Posted June 30, 2016 I wonder how profitable this would be really for Magna? Or better yet FCA. I don't get how you can actually expect to sell car that is barely competitive in its segments and make money on it without investing more money on that said product to make it competitive I'm not optimistic that assembling Dodge Dart and Chrysler 200 will be particularly profitable for them. Magna currently builds Mercedes-Benz G-Wagen, Mini Countryman, and Mini Paceman at the plant in Graz, Austria. All are considered premium entries in their respective segments, with greater prospects for consistent profitability than the Chrysler sedans. Quote Link to comment Share on other sites More sharing options...
Fgts Posted June 30, 2016 Share Posted June 30, 2016 I think Magna have a NA based plant in Canada. The FCA cars can be "assembled" there while Magna Europe can still do their current customer vehicles. I can imagine FCA kicking in money for the Canadian Magna plant expansion to handle Dart/200. Quote Link to comment Share on other sites More sharing options...
ute Posted June 30, 2016 Share Posted June 30, 2016 I think they are also non union plants ? Quote Link to comment Share on other sites More sharing options...
twintornados Posted July 1, 2016 Share Posted July 1, 2016 I think Magna have a NA based plant in Canada. The FCA cars can be "assembled" there while Magna Europe can still do their current customer vehicles. I can imagine FCA kicking in money for the Canadian Magna plant expansion to handle Dart/200. . Magna also has a shuttered plant in Syracuse NY. Old New Process Gear plant just off the thruway and rte 291. 1 Quote Link to comment Share on other sites More sharing options...
J-150 Posted July 1, 2016 Share Posted July 1, 2016 It's just as likely Magna would build this in a 3rd world country and import the car. Quote Link to comment Share on other sites More sharing options...
Anthony Posted July 1, 2016 Author Share Posted July 1, 2016 Magna wants to get into the US: “North America is an opportunity, no question,” Brusius said. Site selection research began three or four months ago and all the necessary information should be in place by year end. He is hoping for a decision on a North American plant in mid-2017. At this point, production for Apple or Google is not part of the discussions. 2 Quote Link to comment Share on other sites More sharing options...
aneekr Posted July 1, 2016 Share Posted July 1, 2016 Are they just going to dump it into rental fleets then? Probably not. The rental car industry in the U.S. is experiencing overcapacity and the major players (Hertz Global Holdings, Enterprise Holdings, and Avis Budget Group) are all cutting back on new vehicle acquisition. Quote Link to comment Share on other sites More sharing options...
atomcat68 Posted July 1, 2016 Share Posted July 1, 2016 My guess is that Chrysler will probably sell the Brampton plant to Magna as there is question as to if they can keep it open. The 300/Charger/Challenger will go elsewhere. Then Magna can build the cars for Chrysler and other cars as well. Then Chrysler can use that money as well as Jeep's cash to fund more Alfa and Fiat models no one will buy. I am surprised that after badmouthing the 200 and saying it is a mistake, Sergio is going to have someone else produce it. Quote Link to comment Share on other sites More sharing options...
sullynd Posted July 1, 2016 Share Posted July 1, 2016 Wasn't Magna supposed to build Saturns for Penske if he bought them from GM? Quote Link to comment Share on other sites More sharing options...
atomcat68 Posted July 2, 2016 Share Posted July 2, 2016 Wasn't Magna supposed to build Saturns for Penske if he bought them from GM? That was Renault Samsung. Magna wanted to buy Opel. Quote Link to comment Share on other sites More sharing options...
jpd80 Posted July 2, 2016 Share Posted July 2, 2016 Sounds like FCA is shifting potential risk an still providing products rather than completely vacating what will be important future segments Quote Link to comment Share on other sites More sharing options...
silvrsvt Posted July 5, 2016 Share Posted July 5, 2016 I am surprised that after badmouthing the 200 and saying it is a mistake, Sergio is going to have someone else produce it. No one ever said he was smart... Quote Link to comment Share on other sites More sharing options...
twintornados Posted July 5, 2016 Share Posted July 5, 2016 No one ever said he was smart... . He said it...many times.... 1 Quote Link to comment Share on other sites More sharing options...
aneekr Posted July 5, 2016 Share Posted July 5, 2016 No one ever said he was smart... He is honest and direct, however. I respect that attribute in business executives. 1 Quote Link to comment Share on other sites More sharing options...
Anthony Posted July 5, 2016 Author Share Posted July 5, 2016 He is honest and direct, however. I respect that attribute in business executives. Not if you are a shareholder. Quote Link to comment Share on other sites More sharing options...
aneekr Posted July 5, 2016 Share Posted July 5, 2016 Not if you are a shareholder. I'm not. Quote Link to comment Share on other sites More sharing options...
PREMiERdrum Posted July 5, 2016 Share Posted July 5, 2016 Not if you are a shareholder. Quote Link to comment Share on other sites More sharing options...
630land Posted July 5, 2016 Share Posted July 5, 2016 Should just change name to "Jeep Inc" and let the rest [exc Ram] fade away. 1 Quote Link to comment Share on other sites More sharing options...
atomcat68 Posted July 5, 2016 Share Posted July 5, 2016 Ram could be rebranded as a Jeep pickup. Quote Link to comment Share on other sites More sharing options...
fuzzymoomoo Posted July 5, 2016 Share Posted July 5, 2016 Ram could be rebranded as a Jeep pickup. But a Jeep pickup is coming soon Quote Link to comment Share on other sites More sharing options...
atomcat68 Posted July 6, 2016 Share Posted July 6, 2016 (edited) double post Edited July 6, 2016 by atomcat68 Quote Link to comment Share on other sites More sharing options...
atomcat68 Posted July 6, 2016 Share Posted July 6, 2016 But a Jeep pickup is coming soon A Wrangler pickup is soon. A Ram 1500 and their heavy duties would be great as Jeep products. Quote Link to comment Share on other sites More sharing options...
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