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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NIU Nepal 2nd Anniversary
Eco Infinity Pvt. Ltd., the authorized distributors of NIU Electricscooters for Nepal completed their second successful year. NIU, World’s number one Smart ElectricScooter, has been in the Nepalese market for 2 years now with over 500 units scooting around the Nepali streets. The mission of NIU is to revolutionize Urban Mobility powered by design and […]
Nepal Lube Oil Limited (NLOL)-Gulf Lubricants organized the Dealer Sales Executive (DSE) Training on 27th and 28th Bhadra at NLOL Factory, Amlekhgunj, Bara. The training objective was to strengthen the DSE in terms sales and marketing, and technical knowledge. NLOL, organizes such DSE Training, multiple time in a year and this is the first DSE […]
Laxmi Intercontinental, the sole authorized distributer for Hyundai Automobiles in Nepal, unveiled the all new Venue today. The all new sub 4 meter Compact SUV will be available in a range of engine options of 1.2 Petrol Engine Kappa Dual VTVT Technology with Max Power 83ps/6000rpm, 1.4l Diesel Engine U2 CRDi with Max Power 90ps/4000rpm, […]
Seltos, the first car manufactured for India, by Kia Motors, rolled out of the Kia’s Plant in Andhra Pradesh, India. Kia announced the mass production after testing the SUV over 20 lakh km in different climate conditions. Kia motors plans to produce 3,00,000 units of seltos in the first year. Managing Director and Chief Executive […]
Hyundai India has revealed the Grand i10 Nios. The Grand i10 Nios is the 3rdgeneration of the i10 model and is to be sold alongside the grand i10 rather than to replace it. The booking is open in india and the grand i10 Nios will be launched in August 20, globally. Expected to retain the […]