Hyundai, Fiat merger on cards

Hyundai, Fiat merger on cards

Hyundai, Fiat merger on cards

The South Korean brand is the latest auto maker linked to a takeover of Fiat Chrysler Automobiles after failed attempts with VW, General Motors and China's Great Wall Motors. According to a report emerged on Asia Times, its sources have said that Hyundai will trigger a bid in a few months before the Italian-American corporation conducts shareholders' meeting in May 2019 as Marchionne steps down from his position.

The only problem with Hyundai's conquest right now is the uncertainty with the United States market and this is due to President Trump's policies of foreign imports.

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Fiat Chrysler merger rumors are in the news once again, this time with Hyundai. A power vacuum at the top, little in cash reserves, lackluster electric vehicle strategy, and dwindling technology could speed any decision about a possible takeover attempt.

Despite previous talks of a tie-up with Hyundai a year ago that was dismissed by both parties as being a potential technical partnership, Hyundai said the latest gossip is unfounded. It's believed Hyundai is simply waiting for FCA stock prices to drop.

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If Hyundai and FCA merge, the new company would be the largest automaker in the world with around 11.5 million deliveries each year. A spokesman for Hyundai told Motor Authority that the "rumor is totally groundless".

Speculation about a Hyundai-FCA merger popped up previous year when the South Korean company allegedly expressed interest in the tie-up.

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A current free trade agreement between the US and South Korea would also help facilitate the merger and lower import/export costs compared to higher tariffs on European models. Roadshow also reached out to FCA, but it declined to comment.

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