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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

Jeep Wrangler rides into SEMA on new Mopar performance axles

Mopar is unveiling Jeep Performance Parts axles as the latest off-road accessory to the Jeep Wrangler, which itself won the "4x4/ SUV of the Year" honors at SEMA for the ninth consecutive year. The show opens Tuesday and continues through Friday at the Las Vegas Convention Center. Mopar teamed with longtime partner and auto supplier Dana to develop the axles, which are co-branded under the name JPP Ultimate Dana 44 AdvanTEK. They're installed on a Nacho Wrangler concept at Mopar's 15,345-square-foot display. The high-strength axles are built in the U.S. and feature gear technology that reduces gear set packaging, with added strength and overall rigidity for the trail. The high-clearance carrier design adds an extra half-inch of ground clearance, with an expanded range of gear ratios (4.56, 4.88, 5.13 and 5.38) to accommodate for more tire sizes. Chromoly axle shafts, thicker quarter-inch steel bracket mounts, 9.5-millimeter tubes and upgraded U-joints also add durability, while a nodular iron differential cover adds rugged looks, and its ribbing adds strength and rigidity. The direct bolt-in assembly allows for use of OEM components and includes electronic differential lockers already installed. The axles will be available for purchase starting next month. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Featured Gallery Jeep Wrangler Mopar Performance Axles: SEMA 2018 Related Gallery Mopar Jeep Performance Parts Wrangler off-road axle Image Credit: Live photos copyright 2018 Drew Phillips / Autoblog.com SEMA Show Jeep SUV Off-Road Vehicles Performance axle dana

Jeep Liberty under investigation for door fires

The Jeep Liberty has already had plenty of attention for possible fires thanks to the first-gen model's fuel tank, but now the midsize Jeep is under the microscope of the National Highway Traffic Safety Administration for another fire-related concern. NHTSA has opened an investigation for the 2012 Liberty after receiving two reports of electrical fires in the driver's door.
According to the investigation summary, around 80,000 vehicles could potentially be affected by this problem. In both reported fires, the drivers noticed smoke and then flames from the master power window switch, and they had to pull to a stop and exit through the passenger side of the SUV. According to Autoguide, there was one injury to a motorist who suffered burned fingers while trying to open the driver's door.
Interestingly, the Dodge Nitro is not yet involved in this investigation, even though it was still around for the 2012 model year; the Nitro ended production in 2011 about a year before the final Liberty rolled off the line for the 2013 model year. Scroll down for the official NHTSA investigation summary.