Hyundai interested in acquiring controlling stake in FCA

Hyundai Planning To Acquire FCA Along With Jeep And Fiat

Hyundai Planning To Acquire FCA Along With Jeep And Fiat

Chennai: Changes are the forefront in the automotive sector with the EV boom taking the centre stage. The report suggests that Hyundai (NASDAQ: HYMTF) is waiting for a decline in FCA's stock price before launching the takeover.

Hyundai could be a good partner to FCA since it is now relatively weak in the Asian region, where Hyundai has a strong base.

Hyundai has denied rumors that it is planning a massive buyout of FCA shortly before chief executive Sergio Marchionne steps down. According to sources, company chairman and major shareholder John Elkann doesn't have much interest in running the automaker, so he could see a merger as an attractive alternative.

The closer political ties between the US and South Korea might make the merger more palatable for regulators in the countries. Marchionne has been at the helm of both Fiat and Chrysler since 2011 (and before that for Fiat), and was instrumental in the merger of the two in 2014, forming FCA.

How to Watch Colombia vs England
The result means the Three Lions will face Sweden on Saturday, as they continue their quest for a first title since 1966. Colombia almost lost Wilmar Barrios to a red card late in the first half.

Start planning now for longest lunar eclipse of the century
Scientists and astronomers advise that it is risky to see solar eclipse through naked eyes and it can also damage the vision. Solar eclipses are risky to watch without certified, special glasses, but lunar eclipses don't require special head gear.

Delayed 'Fortnite' Playground practice mode is finally online
Unlike Save the World , Fortnite Battle Royale is a free-to-play mode now available to download on most major platforms. The Playground Mode will give players the chance to explore the island without worrying about being eliminated early.

"That rumour is totally groundless", senior group manager of Hyundai corporate and marketing PR Michael Stewart told the US' Cnet. That would not be the case with a Hyundai-FCA merger, rumors of which first surfaced past year. However, they confirmed to be open to a technical partnership to jointly develop future transmissions and hydrogen tech. He was allegedly in talkes with General Motors, but did not exclude other partners.

A recent report indicates Hyundai is eyeing FCA for a possible takeover attempt, the Korean automaker is officially claiming that this isn't the case.

If a Hyundai-FCA merger were to happen, it would create the world's largest automaker.

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