FCA Shareholder Wants To Change Company’s Name To JeepRAM


By Anthony Alaniz, Motor1.com

Owning a publicly traded company means you have shareholders, and shareholders with a large stake can sway how the business operates. Other, weaker shareholders can vote on such decisions, and offer suggestions; however, they often fall on deaf ears. That hasn’t stopped ADW Capital Management LLC, a long-time Fiat Chrysler Automobiles shareholder, from demanding a few changes. ADW sent a letter to FCA’s board earlier this week with some bold proposals, including changing the company’s name to JeepRAM, according to Bloomberg News.

“While Fiat has premium brands which are secularly growing, the strongest balance sheet and highest growth profile of all U.S. carmakers, the company trades at a significant discount to its closest peers, GM and Ford,” ADW Founder Adam Wyden, 34, wrote in the letter obtained by Bloomberg News.

According to the publication, the company’s North American operations generated 97 percent of the company’s profit in the third quarter of this year. The name change to JeepRAM would help the company’s valuation, according to Wyden, reflecting the strongest brands in the company’s portfolio. 

Wyden had other suggestions, too. He proposed combining Fiat with another automaker that's focused on Europe. He also suggested spinning off or selling shares of both Maserati and Alfa Romeo. His final suggestion is one that’s been trotted out before – merge with another automaker. Wyden suggested merging with a North American automaker such as GM for cost savings purposes. 

If these suggestions sound scary, don’t worry. AWD isn’t among FCA’s top 100 shareholders, according to Bloomberg News. That limits its influence over the board and other shareholders. It doesn’t help that Exor NV holds more than 50 percent of voting rights at FCA, which makes any requests from investors challenging to pass. 

Right now, this is nothing more than a company shareholder tossing out some ideas in hopes of raising the company’s value. Fiat didn’t offer Bloomberg a comment on the letter. Instead, the company reiterated its plan remain independent through 2022.

COMMENTS





Name

Accessories,1,Auto Insurance,1,Auto Show,13,Autos,412,Autos News,5,Barn Finds,1,Buying,1,Car Shows,1,Car Tech,1,Certified Pre-Owned Vehicles,1,Chicago Auto Show,1,Classic Cars,11,Consumer Electronics Show,1,Customs & Classics,1,Detroit Auto Show,1,Driving,1,Enthusiasts,27,Frankfurt Motor Show,1,Fuel Economy,1,Gearheads,1,Geneva Motor Show,1,Hot Rod Power Tour,1,Imports,1,Just For Fun,2,Los Angeles Auto Show,1,Maintenance,1,Motorcycles,17,Motorsports,1,Muscle Cars,1,Muscle Cars & Hot Rods,1,New Bikes,1,New Car Deals,1,New York Auto Show,1,News,47,Ownership,10,Paris Motor Show,1,Pebble Beach Concours d'Elegance,1,Recalls,1,Research,9,Reviews,1,SEMA Show,1,Shanghai Auto Show,1,Sports and Exotics,1,Sports Cars,1,Supercars,1,Tech,1,Tokyo Motor Show,1,Trucks,1,
ltr
item
Autos - U.S. Daily News: FCA Shareholder Wants To Change Company’s Name To JeepRAM
FCA Shareholder Wants To Change Company’s Name To JeepRAM
https://3.bp.blogspot.com/-6Y7i-TsIhqw/W-ahbAj4amI/AAAAAAAAiNM/tCeqrwMXF9ouytcfLmCHFrQ3JER4hx4ywCLcBGAs/s1600/1.jpg
https://3.bp.blogspot.com/-6Y7i-TsIhqw/W-ahbAj4amI/AAAAAAAAiNM/tCeqrwMXF9ouytcfLmCHFrQ3JER4hx4ywCLcBGAs/s72-c/1.jpg
Autos - U.S. Daily News
https://autos.dailynews.us.com/2018/11/fca-shareholder-wants-to-change.html
https://autos.dailynews.us.com/
https://autos.dailynews.us.com/
https://autos.dailynews.us.com/2018/11/fca-shareholder-wants-to-change.html
true
7329154058020919259
UTF-8
Loaded All Posts Not found any posts VIEW ALL Read More Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share. STEP 2: Click the link you shared to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy