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Hyundai reportedly eyeing a takeover of FCA

The CEO of Hyundai Motor Group plans to launch a takeover bid for Fiat Chrysler ahead of the planned retirement of FCA Chief Executive Sergio Marchionne next spring, Asia Times reports, citing unnamed sources close the situation. CEO Chung Mong-koo will wait for an expected decline in the Italian-American automaker's shares to make his move. Hyundai isn't commenting on the rumors, unsurprisingly, but would presumably stand to benefit by gaining Chrysler's dealer network and the lucrative Jeep brand and probably Ram, too. An FCA spokeswoman in Auburn Hills told Autoblog the company had no comment. But like any story about a possible takeover, this one gets complicated with inside players — and President Trump's posturing on international trade issues. FCA has been the subject of takeover interest before, including by Hyundai, but Marchionne has denied a merger was likely, instead saying his company was in talks with the Korean automaker about a technical partnership. In 2015, Marchionne lobbied General Motors hard, but unsuccessfully, for a tie-up; he was also spurned by Volkswagen. Marchionne had repeatedly stressed the need for car companies to merge to decrease overcapacity and better afford the massive investments needed for things like autonomous and electric vehicles. In the case of Hyundai's reported interest, there is a cast of characters. One is Paul Singer, principal of the hedge fund Elliott Management, an activist shareholder with a $1 billion stake in Hyundai and a major owner of equities in Fiat's home turf of Italy. Then there is FCA Chairman John Elkann, who reportedly disagrees with Marchionne on a successor as CEO of Fiat Chrysler but has little interest in running the company himself and would prefer a merger. Compounding things is what the Trump administration would think of a further blending of Fiat Chrysler's international DNA, though a deal with a Korean automaker is thought to be more palatable to the president and members of Congress than by a Chinese conglomerate like Great Wall Motor, which has confirmed its interest in taking over all or parts of FCA. The full Asia Times piece is here. Related Video: News Source: Asia TimesImage Credit: REUTERS/Rebecca Cook Chrysler Fiat Hyundai Jeep RAM Sergio Marchionne FCA merger takeover

Hyundai Azera fate in question for US

The Azera has been consistently outsold by its rivals. Through June, Hyundai has shifted just 4,191 units.
Hyundai's dealers call the Azera the "nicest car nobody knows about." That's according to Mike O'Brien, Hyundai Motor America's vice president of corporate and product planning. Indeed, the fullsize sedan is a handsome, well-rounded machine, loaded with creature comforts. Yet it's not selling well, and its space in Hyundai showrooms is about to get a whole lot more crowded thanks to the newly spruced-up 2015 Sonata. No surprise, then, that company officials admit that the model's future in the US is uncertain.

2018 Hyundai Accent starts at under $16,000

Hyundai has finally announced pricing for its latest Accent subcompact. The cheapest base-level SE trim is equipped with a 6-speed manual transmission and starts at $15,880, and adding a 6-speed automatic bumps that price up $1,000. Moving up to the mid-level SEL will cost at least $18,180, and the top-trim Limited starts at $19,780. Both of these trims are only available with an automatic. All versions come with the same naturally aspirated 1.6-liter four-cylinder making 130 horsepower and 119 pound-feet of torque. The SE trim comes reasonably well equipped for a budget subcompact including air conditioning, power windows, cruise control, and Bluetooth. While one might expect those to be standard on every car now, that's not exactly the case. For example, the base level Kia Rio does not come with power windows, cruise control, or Bluetooth, though the Rio is also expected to cost a bit less than the Accent. Choosing SEL adds a number of more desirable features including four-wheel disc brakes, alloy wheels, a bigger touch screen, Apple CarPlay and Android Auto, automatic headlights, heated mirrors and a telescoping steering wheel. The Limited offers even more convenience features such as forward collision avoidance, LED lights, sunroof, bigger alloy wheels, keyless entry, heated seats and automatic climate control. All versions of the Accent should be arriving at dealers soon. Related Video: