Live in Interesting times: Hyundai/ Kia want FCA

We discussed FCA last weekend at my BIL's home. He's a high ranking engineer at Ford and pretty much knows what is transpiring in the automotive world...

He told me that FCA is basically not profitable as a car company considering the whole picture. Only the 'Jeep' and the RAM truck divisions make money. The rest are bombs, including the Fiat and the other 'car' lines and Sergio wants to sell it off before he retires.

With the current climate (the NK ongoing scenario) and the Chinese involvement, or should I say non-involvement) the climate here is no divesture to the Chinese. On the other hand, Hyundai (SK) is a good fit.

Will be interesting, especially for the North American operations which are UAW.

The only thing I know for sure is Hyundai/Kia is not a joke of a car! They are offering what are some of the best cars on the road. They have become a quality automobile.

Other than that, not sure about another merger. It may be good or bad. Hard to say!

WOW! If Hyundai/Kia do purchase FCA I'll be an all KIA family. Two Souls and a RAM 1500. :)

SidecarFlip wrote:
We discussed FCA last weekend at my BIL's home. He's a high ranking engineer at Ford and pretty much knows what is transpiring in the automotive world...

He told me that FCA is basically not profitable as a car company considering the whole picture. Only the 'Jeep' and the RAM truck divisions make money. The rest are bombs, including the Fiat and the other 'car' lines and Sergio wants to sell it off before he retires.

With the current climate (the NK ongoing scenario) and the Chinese involvement, or should I say non-involvement) the climate here is no divesture to the Chinese. On the other hand, Hyundai (SK) is a good fit.

Will be interesting, especially for the North American operations which are UAW.

This is called insider trading

It is? :h

gemsworld wrote:
It is? :h

X2

I think that would be a good marriage. They make high quality cars.

rr2254545 wrote:
This is called insider trading

I thought it was common knowledge. :)

Could make sense for Kia/Hyundai. The addition of Ram and Jeep would give them an instant impact in a market segment where they presently have next to none. In Canada, FCA was #2 in total sales and most of that was because of those two brands. Kia/Hyundai was #6. Together they would be #1 by a long shot with almost 25% of the Canadian market, based on 2016 sales.

Hyundai is a huge company with their hand in many industries. The automotive part of Hyundai said years ago their goal is to become the worlds largest auto manufacture. So it doesn't surprise me at all that they have some interest in FCA. They made Kia into a company whose cars people actually want to buy. In fact they are making some pretty nice cars now. They can probably do the same for FCA.

rr2254545 wrote:

SidecarFlip wrote:
We discussed FCA last weekend at my BIL's home. He's a high ranking engineer at Ford and pretty much knows what is transpiring in the automotive world...

He told me that FCA is basically not profitable as a car company considering the whole picture. Only the 'Jeep' and the RAM truck divisions make money. The rest are bombs, including the Fiat and the other 'car' lines and Sergio wants to sell it off before he retires.

With the current climate (the NK ongoing scenario) and the Chinese involvement, or should I say non-involvement) the climate here is no divesture to the Chinese. On the other hand, Hyundai (SK) is a good fit.

Will be interesting, especially for the North American operations which are UAW.

This is called insider trading

That is nowhere near insider trading(information).