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Fiat Chrysler Eyes Alliance with Hyundai

Marchionne says no merger in the works.

by on Dec.04, 2017

FCA CEO Sergio Marchionne said an alliance or a partnership with Hyundai would make sense for FCA.

After seemingly laying off talking about potential deal, Fiat Chrysler Automobiles CEO Sergio Marchionne is at it again, talking up the possibility of a partnership with Hyundai on technical projects.

Marchionne, during an appearance in Milan over the weekend, was careful to rule out any kind of merger with Hyundai after a flurry of reports this summer that FCA as eager to find merger partners for its automotive business.

Global Auto News!

“We already buy components from (Hyundai) … let’s see if we can agree on other points, especially for the development of transmissions and hydrogen,” Marchionne told journalists, adding there was “nothing to announce for the moment.”  (more…)