Hyundai Plans to Launch Takeover of FIAT Chrysler.

csv8 · 02-07-2018, 11:01 AM

"The CEO of Hyundai Motor Group plans to launch a takeover bid for Fiat Chrysler ahead of the planned retirement of FCA Chief Executive Sergio Marchionne next spring, Asia Times reports, citing unnamed sources close the situation. CEO Chung Mong-koo will wait for an expected decline in the Italian-American automaker's shares to make his move.

Hyundai isn't commenting on the rumors, unsurprisingly, but would presumably stand to benefit by gaining Chrysler's dealer network and the lucrative Jeep brand and probably Ram, too. An FCA spokeswoman in Auburn Hills told Autoblog the company had no comment.

But like any story about a possible takeover, this one gets complicated with inside players — and President Trump's posturing on international trade issues"

https://www.autoblog.com/2018/06/29/...keover-report/

Wretched · 02-07-2018, 11:44 AM

Seems a lot of these have been coming out, Hyundai is just the latest to be tied with FCA.

Wait and see i guess.

Crazy Dazz · 02-07-2018, 05:35 PM

Am I the only one who finds it Funny that Chrysler is now owned by the Italians?

dunga · 02-07-2018, 05:46 PM

Quote:

Originally Posted by Crazy Dazz

Am I the only one who finds it Funny that Chrysler is now owned by the Italians?

I think its funny Hyundai made crap cars a long time ago now they want to buy a company that does make crap cars .

LG17 · 02-07-2018, 05:52 PM

Quote:

Originally Posted by Crazy Dazz

Am I the only one who finds it Funny that Chrysler is now owned by the Italians?

And not the Greeks!

MethodX · 03-07-2018, 01:02 AM

Quote:

Originally Posted by LG17

And not the Greeks!

Those kebab herders steal, not own.

MethodX · 03-07-2018, 01:01 AM

Quote:

Originally Posted by Crazy Dazz

Am I the only one who finds it Funny that Chrysler is now owned by the Italians?

They were owned by Mercedes before... that funny also?

vztrt · 03-07-2018, 03:34 PM

Quote:

Originally Posted by MethodX

They were owned by Mercedes before... that funny also?

Very funny. The Germans realised that Chrysler is a poisoned chariot.

MethodX · 03-07-2018, 10:46 PM

Quote:

Originally Posted by vztrt

Very funny. The Germans realised that Chrysler is a poisoned chariot.

The way the German makers have been caught acting it seems they are the poison.

Crazy Dazz · 03-07-2018, 08:52 PM

Quote:

Originally Posted by MethodX

They were owned by Mercedes before... that funny also?

I worked with a guy, who just happens to be of Italian Heritage, and he has restored a VC with another on the go.
And literally the 2nd sentence out of his mouth when discussing is "and no, they're not purple."

IanC · 02-07-2018, 10:19 PM

I fail to understand why Hyundai would want Fiat/Chrysler. They are practically bankrupt with no new models in the pipeline and high cost factories that cannot be closed.

Aulpgute · 02-07-2018, 10:33 PM

Ah that old chestnut.....
Back in the day Fiat/Alfa...on a quiet night you could hear them rusting in your driveway...The Italians were too tight to put them on the deck of the ship so they towed them behind it..

MethodX · 03-07-2018, 01:03 AM

Quote:

Originally Posted by Aulpgute

Ah that old chestnut.....
Back in the day Fiat/Alfa...on a quiet night you could hear them rusting in your driveway...The Italians were too tight to put them on the deck of the ship so they towed them behind it..

And Falcons, Cortinas and Escorts were rust buckets too... give and take.

Sad news if this does occur.

aussie muscle · 07-07-2018, 05:37 PM

Quote:

Originally Posted by IanC

I fail to understand why Hyundai would want Fiat/Chrysler.

me too. everyone who has bought chrysler has ended up regretting it.

Ben73 · 09-07-2018, 08:24 PM

Quote:

Originally Posted by aussie muscle

me too. everyone who has bought chrysler has ended up regretting it.

I used to have a 300c. Engine dying at 8 years old and 92,000kms was annoying and I wasn't happy because it was my daily, but it was cool car and wouldn't mind another one as a second car, as long as it is one with an engine that doesn't have valve seat issues.
I was angry at the time, but I wish I still had it now as a weekender.
I had no real issues apart from the valve seat. Not bad for an 8 year old American POS.

Ford has had issues with valve seats dropping, so can't be too harsh here.

Wonder if Hyundai will increase Jeeps warranty from 5 years to 7.
My Jeep with it's 5 year warranty has been back to the dealer with zero warranty claims so far, unlike the Ranger with it's lousy 3 year warranty. It went back a few times. Once within the first year.

Sprintey · 10-07-2018, 09:51 PM

Hyfisler

Ford17 · 28-07-2018, 10:33 AM

Quote:

Originally Posted by Sprintey

Hyfisler

Cryundai

aussie muscle · 28-07-2018, 09:52 AM

Quote:

Originally Posted by Ben73

I used to have a 300c.

i wasn't talking about the cars, i was talking about the business. it seems to be facing receivership every decade.

Nikked · 03-07-2018, 10:22 AM

So...if Hyundai bought the Fiat group...that would mean Ferrari is owned by them too...

Alfa F1 team renamed Hyundai?

MethodX · 03-07-2018, 10:45 PM

Quote:

Originally Posted by Nikked

So...if Hyundai bought the Fiat group...that would mean Ferrari is owned by them too...

Alfa F1 team renamed Hyundai?

Ferrari has already been spun off from the rest of the company I think.
Thank heavens.

Bossxr8 · 08-07-2018, 08:25 PM

Been passed around more than a fat doobie.

IanC · 23-07-2018, 06:37 PM

Sudden changes at Fiat/Chrysler with Marchionne departing ahead of schedule. He was the master of the deal and it remains to be seen if his successors will want to continue with mergers and acquisitions.
https://www.mail.com/int/sports/raci...-stage-hero1-1

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