Some time ago when Fiat Chrysler Automobiles CEO Sergio Marchionne was searching high and low for a potential alliance no one was boxing in – and now the reports can’t keep track with the suitors.
FCA has been reportedly entered initial discussions with major Chinese automakers – looking to carve a global path for themselves just like Geely did with Volvo, among them we’ve found out about Guangzhou Automobile Group as well as Great Wall Motor Company. Now there’s an entirely different kind of player acting as runner up – South Korea’s Hyundai Motor Company. While getting into an alliance with a Chinese investor would mean lots of cash for Fiat Chrysler, it would also mean a lot of restrictions coming from the Chinese authorities. Meanwhile, if the rumor is true and Hyundai would acquire or merge with FCA they would directly create the biggest carmaker in the world.
It appears that Hyundai first expressed its interest in FCA back in August, when reports were surfacing about the Italian-American company holding meetings with Chinese automakers – separate reports also talked about interest shown from Dongfeng Motor Corp., as well as Zhejiang Geely besides the aforementioned Chinese groups. For now, there’s no official word – not even from FCA CEO Sergio Marchionne who actually said there were no official offers from anyone on the table.