Is consolidation necessary to survive in the automotive industry? A stuy of the FCA-PSA merger

Magaldi, Alessandro (A.A. 2019/2020) Is consolidation necessary to survive in the automotive industry? A stuy of the FCA-PSA merger. Tesi di Laurea in M&A and investment banking, Luiss Guido Carli, relatore Luigi De Vecchi, pp. 110. [Master's Degree Thesis]

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Abstract/Index

Mergers and acquisitions: the theoretical framework. Types of mergers and acquisitions. Other forms of corporate restructuring. Value neutral and value reducing theories. Other motives for M&A. The automotive industry. Early concentration and the search for scale economies. Over-capacity and the need to decrease fixed costs: the search for economies of scope. A change in mobility preferences. History of the two companies. FCA. PSA. The merger into stellantis. Criticisms of the deal. The impact of the Covid-19 pandemic. The rationales for the merger. Segment lineup. Merger synergies. Car sharing and autonomous driving. CO2 compliance. Valuation.

References

Bibliografia: pp. 72-81.

Thesis Type: Master's Degree Thesis
Institution: Luiss Guido Carli
Degree Program: Master's Degree Programs > Master's Degree program in Corporate Finance, English language (LM-77)
Chair: M&A and investment banking
Thesis Supervisor: De Vecchi, Luigi
Thesis Co-Supervisor: Pattofatto, Leone
Academic Year: 2019/2020
Session: Extraordinary
Deposited by: Alessandro Perfetti
Date Deposited: 14 Jun 2021 12:43
Last Modified: 14 Jun 2021 12:43
URI: https://tesi.luiss.it/id/eprint/29766

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