FCA, the new Fiat Chrysler Automobiles corporation that resulted from the merger of Chrysler and Fiat, is looking to merge now with General Motors, but GM bosses want no part of the idea, according to AutoNews in Detroit.
FCA first floated the idea early this year and GM's Board refused. Now, both GM and FCA are reportedly taking another look, each hiring financial advisers to see if it makes sense.
For its part, FCA's chairman is arguing that combining development teams would enable each of them to create new and better products faster. But the biggest shareholder in GM is the company that manages the United Auto Workers healthcare trust for retired workers and no one thinks they would rush to the merger idea for one simple reason. Job losses from a merger would hurt current employees and the Union itself.
This whole merger thing sounds like a game being played by millionaires who sit on the boards of large corporations that employ thousands of workers and are just dreaming up ways to make more money for themselves and their companies by cutting company costs, which often means cutting jobs. We can't think of a single merger in the last decade where the new company had the same number of employees that the two companies had before the merger - workers seem to always lose out when big corporations get bigger.
And for the guy who goes car shopping later? Well your next Chevy Impala just might end up being made by Fiat workers in Europe. Will the quality get any better? Only time can tell...
Meanwhile, if you've got a lemon Fiat or Chrysler, you know who to call.
FCA first floated the idea early this year and GM's Board refused. Now, both GM and FCA are reportedly taking another look, each hiring financial advisers to see if it makes sense.
For its part, FCA's chairman is arguing that combining development teams would enable each of them to create new and better products faster. But the biggest shareholder in GM is the company that manages the United Auto Workers healthcare trust for retired workers and no one thinks they would rush to the merger idea for one simple reason. Job losses from a merger would hurt current employees and the Union itself.
This whole merger thing sounds like a game being played by millionaires who sit on the boards of large corporations that employ thousands of workers and are just dreaming up ways to make more money for themselves and their companies by cutting company costs, which often means cutting jobs. We can't think of a single merger in the last decade where the new company had the same number of employees that the two companies had before the merger - workers seem to always lose out when big corporations get bigger.
And for the guy who goes car shopping later? Well your next Chevy Impala just might end up being made by Fiat workers in Europe. Will the quality get any better? Only time can tell...
Meanwhile, if you've got a lemon Fiat or Chrysler, you know who to call.
Burdge Law Office
Getting Rid of Lemons, That's What We Do