Hyundai seeks to buy all of Fiat Chrysler Automobiles which includes famous brands like Fiat, Chrysler and Jeep. Back in 2015, Ferrari, Volkswagen Group and General Motors were in the offing. However, Hyundai seems to be the one to take over FCA buyout. The transaction would help to boost finances for the company and will come at a time to allow FCA to be cash positive by the end of next year. Hyundai on the other hand was flush with cash to start the Genesis luxury brand and could buy out FCA. However, Hyundai is in the midst of company reorganization with CEO Chung Mong-koo likely to step down.
Both companies have declined to make any comment on the potential buyout.
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APRILIA ROAD TRIP EAST 2 WEST
D-Lifestyle Pvt. Ltd., the sole authorized distributor of Vespa and Aprilia in Nepal has organized a fundraiser road trip from east to west of Nepal. The event is going to be performed in collaboration with CSN. CSN (Collaborative Schools Network) has been managing three public schools in Kathmandu in PPP (Public Private Partnership) model – two […]
United Traders Syndicate Pvt. Ltd, the sole authorised distributor for Toyota vehicles in Nepal, has announced a ‘Nationwide Free Service Camp’ from 14th September- 8th October 2018 across the country. Under this nationwide service camp, the company is providing free vehicle servicing & checkup, free fuel pump check up, 5% discount on TGMO, 15% discount […]
In this years festive season, Ford Nepal announces their offer consisting of sure shot gifts such as Macbook pro, Samsung galaxy S9+, One Plus 6, Samsung 40″ LED TV and iPad on every purchase of Ford vehicles. The festive offer also includes a cash discount on every purchase and 5 lucky couples will get a […]
Mahindra & Mahindra Ltd., a part of the US $ 20.7 billion Mahindra Group, and a pioneer in electric vehicles in Nepal, today unleashed vehicles that defines ‘Future of Mobility’ at the 14th edition of NADA Auto Expo 2018. The 1st day of the expo marked the launch of all-electric sedan eVerito, along with next […]
Hero MotoCorp Ltd., the world’s largest single two-wheeler manufacturer has launched its new premium motorcycle, the Xtreme 200R in Nepal. In keeping with its commitment to bring technologically superior and youthful products to the market, the Company has introduced its latest premium motorcycle in Nepal, soon after its launch in India. The Xtreme 200R is […]