According to Wall Street analysts, in the next three to five years, FCA will be acquired by a Chinese auto company with the help of the Chinese government.
According to John Murphy, a car analyst at Bank of America Merrill Lynch, the FCA will solve the debt problem by establishing a partnership with a company that wants to enter the US market.
He said: "The long-term debt problem of the FCA has also forced it to choose to cooperate with its Chinese companies, and the Chinese government has expressed its intention in this regard. We are indeed funding our automotive industry, but for the Chinese government wants I will not be surprised to prosper its own market. For China to enter the US market, the acquisition is a good choice."
He also said that Chinese car companies must invest a lot of money, and this may be carried out within the next three to five years. He believes that FCA is unsatisfactory in the increasingly prosperous automotive market in the United States.
FCA CEO Sergio Marchionne has been looking for partners lately. In his speech, Marchionne has repeatedly expressed his willingness to establish a cooperative relationship with GM, but they have all been rejected. But he told reporters at the Detroit Auto Show on Monday that FCA is not looking for a partner.
He said: "We know very well now that there are still two years away from the 2018 plan. This plan is also very important for us. I don't think there is anything that can stop us from working hard for it."
FCA plans to pay off all its debts in the next two years, but it must achieve operating profit of 9 billion euros ($9.52 billion), net income of 5 billion euros ($5.29 billion) and net cash of 5 billion euros.
The most important thing to achieve this financial goal is to re-architect its production planning in the United States, reduce the production of passenger cars, and in turn increase the production of more profitable SUVs and pickups. Murphy said the FCA's decision is also a boon for its consumers. American consumers are increasingly favoring cross-border cars, SUVs and trucks.
Murphy said: "The transformation of the FCA production structure is very sensible compared to the practice of watching the change, and this is also a game for it. If the SUV in the auto market continues to be hot, then its sales. It will also rise, which will also make up for the gap in its debt."
In April 2016, it was reported that GAC Group (601238, shares it) was willing to provide support to the FCA and hoped to enter the US market in 2017, which was also put on hold for nearly a year. FCA also declined to comment on this.
Marchionne said on Monday that GAC is not currently supporting the potential consideration of its passenger car production, and that FCA has also stopped production of passenger cars in the United States. The FCA currently hopes to establish cooperation with relatively low-power car companies, but it also depends on the policy changes after Trump officially took office.
It is not without precedent that Chinese auto companies entered the US market through acquisitions. In 2010, Geely acquired Volvo from Ford. In the same year, GM also sold Nexteer to China's Pacific (601099, shares it) Century Motor Co., Ltd.
However, Murphy also said that the FCA is also likely to establish a cooperative relationship with the Volkswagen Group, even though the Volkswagen Group is still in deep discharge.
He said: "From the current government, I think that foreign companies, including Chinese companies, do not have much obstacles to acquire American auto companies."
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