Hyundai is Apparently Interested in Purchasing FCA

Sam McEachern
by Sam McEachern

Hyundai is apparently seriously interested in buying out Fiat Chrysler Automobiles (FCA).

Word the Korean car making giant was interested in buying FCA first surfaced in August – around the same time rumors began to swirl that China’s Great Wall, and other Chinese brands, may be interested in purchasing the Italian-American company. According to The Detroit Bureau, the Hyundai-FCA rumors have recently begun to heat up in the Korean press. Hyundai is denying it’s interested in FCA, but analysts believe Hyundai would be smart to buy-up the company as it becomes increasingly difficult to gain market share in the U.S. and China.

SEE ALSO: FCA Could be Bought by a Chinese Automaker

If Hyundai and FCA did come together as one, it would make the resulting conglomerate the largest automaker in the world based on annual sales, surpassing rivals like Toyota, Nissan and VW. Hyundai-Kia sold 7.88 million vehicles in 2016, while FCA moved 11.5 million. Analysts believe the FCA acquisition would cost Hyundai about $9.83 billion – a figure that includes both Maserati and the Magneti Marelli parts division. Earlier this year, Samsung expressed interest in purchasing Magneti Marelli as a way to get its foot in the door in regards to in-car electronics, but the deal fell through.

[Source: The Detroit Bureau]

Sam McEachern
Sam McEachern

Sam McEachern holds a diploma in journalism from St. Clair College in Windsor, Ontario, and has been covering the automotive industry for over 5 years. He conducts reviews and writes AutoGuide's news content. He's a die-hard motorsports fan with a passion for performance cars of all sorts.

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 5 comments
  • Smartacus Smartacus on Sep 21, 2017

    Hyundai 5.0 V8 will happily fit in a pickup

    • See 2 previous
    • Perry F. Bruns Perry F. Bruns on Sep 21, 2017

      No kidding. I can only imagine if Great Wall Motors started building Jeeps. We'd be begging for Fiat fit and finish.

  • EM1 EM1 on Sep 21, 2017

    Knuckle Heads, the Wrangler is basically built by Hyundai robots in Toledo, OH. Quality would be the same.

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