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Fiat Share Trading Halted On Peugeot Rumour

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http://business.timesonline.co.uk/tol/busi...icle5567409.ece

Trading in Fiat shares was suspended in Milan today following a slump in profits and reports that the Italian carmaker was seeking a merger with Peugeot-Citroën, its French counterpart.

With analysts holding out the prospect of a wide-ranging shake-up of the European car industry amid the crisis, Italian newspapers said that the group was considering a €2 billion capital increase ahead of a move for Peugeot.

Fiat denied the claims, saying there were no plans for a tie-up.

But with the Agnellis, Fiat's founding family, also reported to be looking at a €5 billion loan to finance partnerships, the rumours continued to swirl around Paris and Milan.

The speculation came two days after Fiat took a 35 per cent stake in Chrysler and in the same week as Sergio Marchionne, its chairman, predicted a spate of fusions among European carmakers.

With the emblematic Italian group announcing a 16 per cent fall in 2008 profits to €1.7 billion, its shares fell by 7.87 per cent to €4.14 in Milan before they were suspended.

Peugeot's shares soared by seven per cent when la Repubblica and Il Sole Ore reported the merger plans but slumped after Fiat's denial. They were down 3.29 per cent at €12.49 at lunchtime.

Although analysts said that a merger could result in important cost savings, many predicted management difficulties in a three-way deal involving Chrysler.

They also said a €5 billion credit line could be beyond Fiat's financial capacity, given its declining share price.

I said the other day you couldn't make this up if you tried, and Fiat have again gone over and above the call of duty with this one!!!!

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I said the other day you couldn't make this up if you tried, and Fiat have again gone over and above the call of duty with this one!!!!

Well, with Fiats mechanical reliability, Chryslers handling, Peugeots electrics and Citerons high end cachet, we'll truly have a car for the criminally insane market. Indeed, making the exit rank from the dealership run straight into broadmoor would save so much time on sectioning and trials.

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All that's lacking really is for the husband to come into the room and catch his wife with Brian Rix, who stands up as his trousers drop round his ankles.

For the younger members, that's the definition of a good old fashioned farce.

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PSA's Peugeot and Citroen cars share most of their mechanical components, so if Peugeot-Citroen merge with Fiat, that could lead to a 3-way sharing of major components. In effect, future Fiat (and Alfa Romeo) cars could be basically Peugeots with different bodywork in the way that Skodas, Seats and some Audis are just Volkswagens with different bodywork.

Peugeot-Citroen and Fiat have had a combined van design for years, so they have a history together.

Edited by blankster

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Guest sillybear2
Peugeot-Citroen and Fiat have had a combined van design for years, so they have a history together.

They were all once controlled by the Germans? Shame their engineering didn't rub off on them :ph34r:

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They should all be done away with, as anyone who pays 10k for a Punto, Clio or 207 is a bit of a fool. :blink:

(Alfa must be kept alive, though. The best car marque in the world.)

Edited by Wait & See

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Guest sillybear2
(Alfa must be kept alive, though. The best car marque in the world.)

I agree, Alfa should be kept going at all costs, they support a whole plethora of additional companies, such as the AA, the RAC, countless rescue trucks.

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So. you'll be able to buy your fiat-citroen-peugeot-chrysler-alfa-ford-tata (add in a few Japanese names for good measure) brum brum with your Lloyds-Hbos-Rbs-Nat-West-Barclays-B&B (add in a few European and Japanese names for good measure) car loan.

Nice.

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Alfa must be kept alive, though. The best car marque in the world

Except their designers forgot that cars have number plates and so Alfas look like they're all out on a test drive on trade plates!

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Except their designers forgot that cars have number plates and so Alfas look like they're all out on a test drive on trade plates!

To be fair to them, Italian front no. plates are a lot smaller than most other countries and the problem doesn't arise. I've seen a trend towards people using quite small front no. plates in the UK and they don't seem to get 'done' for it.

In nearly half of U.S. States, a front no. plate is not required, not sure if Alfas are marketed much there.

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To be fair to them, Italian front no. plates are a lot smaller than most other countries and the problem doesn't arise. I've seen a trend towards people using quite small front no. plates in the UK and they don't seem to get 'done' for it.

In nearly half of U.S. States, a front no. plate is not required, not sure if Alfas are marketed much there.

I have never seen one here

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Guest sillybear2
Except their designers forgot that cars have number plates and so Alfas look like they're all out on a test drive on trade plates!

But to their credit their cars do include numerous tow hooks and lifting points. :P

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I agree, Alfa should be kept going at all costs, they support a whole plethora of additional companies, such as the AA, the RAC, countless rescue trucks.

No wonder they lose so much value once you've bought one, you'd be better of buying bank shares. :ph34r:

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So. you'll be able to buy your fiat-citroen-peugeot-chrysler-alfa-ford-tata (add in a few Japanese names for good measure) brum brum with your Lloyds-Hbos-Rbs-Nat-West-Barclays-B&B (add in a few European and Japanese names for good measure) car loan.

Nice.

:lol::lol::lol: very good

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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