US: Rumors of Hyundai become the largest automaker in the world surface

Hyundai might be interested in purchasing Fiat Chrysler, The Detroit Bureau reports. Rumors to this end originally surfaced shortly after other rumors that Chinese automakers were interested in purchasing some or all of Fiat Chrysler’s portfolio of brands, which includes Alfa Romeo, Fiat, Chrysler, Jeep and Dodge.

If such a merger were to occur, it would make Hyundai-FCA the largest automaker in the world, surpassing the two companies currently doing battle for that honor, Toyota and Volkswagen.

As a matter of fact, both Toyota and Volkswagen have been mentioned as potential suitors for Fiat Chrysler in the past. Reuters reported in mid-2016 that FCA CEO Sergio Marchionne mentioned Volkswagen, Toyota and Ford as possible merger candidates. The Volkswagen rumor grew as VW didn’t immediately shoot the idea down, but since then, nothing’s come of it.

Hyundai hasn’t denied the merger rumor yet, but the need to acquire a company is higher than ever due to the crisis in the Chinese and US markets. The acquisition would not only increase sales, it would help Hyundai fill its glaring hole when it comes to SUVs and trucks.

Full Content: The Detroit Bureau

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