Author Archive: bapcor82

Fiat today exercised an option to raise its stake in Chrysler by 3.3 percent.

The move is part of CEO Sergio Marchionne’s step-by-step purchases intended to lead to full control of Chrysler and the creation of a merged company that would be able to compete better with industry leaders Toyota, General Motors and Volkswagen.

Fiat has been exercising options since mid-2012 to buy holdings of about 3.3 percent from the VEBA, a medical-benefits trust for the U.S. carmaker’s retirees.

Including today’s purchase, Fiat has exercised three of its six-monthly options, increasing its stake to 68.49 percent.

Fiat has said it wants full control of Chrysler, which would give it access to some of Chrysler’s cash flow for investments in new models.

Chrysler has become Fiat’s most reliable profit generator as the Italian company struggles to end losses in Europe that totaled 704 million euros ($903 million) in [...]

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A PARTNERSHIP MADE FOR SUCCESS Burson Thailand is a joint venture project for two very established, successful business in the market. Bapcor Limited (Owner of Burson Australia) is Australasia’s leading provider of automotive aftermarket parts, accessories, automotive equipment and services. Bapcor’s core business segment is the automotive aftermarket, covering Trade, Retail & Service, and Specialist Wholesale businesses. Burson was first established 46 years ago in 1971 and the group now employs over 3,800 team members across more than 800 locations worldwide. SMM has been heavily involved in the auto industry for the past 50 years and is ASEAN’s leading provider of integrated and industrial logistic solutions. Their services range from R&D, design, manufacturing, sales and distribution to after sales service for press, die, welding, assembly jig, axle and hydraulic systems. SMM also specializes in design and development of pickup systems, pickup conversions & accessories in [...]