HYUNDAI COULD BUY FIAT CHRYSLER: RUMOURS

Rumours coming out of Asia say that Hyundai could be next on the list of suitors interested in buying Fiat Chrysler Automobiles (FCA). Our sources could neither confirm nor deny this rumour, but they did say such talk is not uncommon. Regardless, it is worth reporting on we reckon. FCA CEO Sergio Marchionne has for some years now, been looking for a possible partner for his business. He started this quest with General Motors in 2015 but failed. Later he engaged Ford. FCA itself is the result of mergers.

 

If things do go well in this regard, the combined company would be responsible for annual sales of over 12 million, making it the largest automobile conglomerate on the planet. Some Eastern interest is not new when it comes to FCA. Not long ago there was talk of the Jeep brand being sought by Chinese firm Great Wall Motors (GWM). Hyundai and sister brand Kia are South Korean, which would put the deal in better stead than anything to do with the Chinese as far as approval by the Donald Trump administration would be concerned.

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