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.
9997 Total Views 1 Views Today
Mercedes-Benz CLA Unveiled | 2020
Mercedes-Benz has unveiled the second generation Mercedes-Benz CLA at the Consumer Electronics Show in Las Vegas. The new CLA looks larger than the outgoing model. The CLA will join the A-Class sedan in the lineup and will be priced slightly higher than the latter too. Mercedes-Benz has retained its swooping body shape with the new […]
Continental Trading Enterprises, the sole authorized distributor KIA Motors in Nepal marked 25 Years of KIA in Nepal. Company celebrated its silver jubilee and launched the new 4th generation KIA SPORTAGE in Nepal on 11th January 2019 at Hotel Annapurna, Kathmandu. Kia Sportage is the longest running nameplate under KIA brand since 1993. It is […]
Jagdamba Motors Pvt. Ltd., the sole authorized distributors TVS vehicles in Nepal, has announced “TVS Grand Exchange and Finance Mela”, starting from 9th Jan till 12 th Jan 2019 at Bhrikutimandap. The four-day event offers exchanging of any brand of old motorcycles/scooters for brand new TVS motorcycle/scooter. The event also offers benefits like, 20% downpayment […]
TATA NRG LAUNCH- THE YOUNGEST COMPACT UTILITY VEHICLE
Tata Motors along with their sole distributor for Nepal, Sipradi Trading Pvt. Ltd, announced the launch of its newest addition to the passenger vehicle family The Tata NRG. Keeping the growing aspirations of customers in mind, Tata Motors has introduced an SUV inspired vehicle, positioned as Nepal’s Youngest Compact Utility Vehicle (CUV). With its class […]
IMS Motors Pvt. Ltd., the sole authorized distributor Ssangyong in Nepal is organizing “Ssangyong New Year Mega exchange offer” starting from 30th Dec till 15th Jan 2019. Under this offer, customers can exchange any old vehicles for a new Ssangyong vehicle with the cash discount up to 4 Lakhs. Further more the event also offers, […]