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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 mulling power top for next Wrangler

Jeep is hard at work on the next-generation Wrangler, though the truck is still a few years from hitting the trails. The new model will still be aimed at off-roaders, but rumors suggest it will be a little more comfortable than previous versions to appeal to more people.
According to Road and Track, Jeep is developing a power-retractable top as an expensive option for the Wrangler. There is no word if the top in question is a sliding canvas rollback like the ones found on many European vehicles or a full convertible hardtop or softtop, nor do we know whether it would be made available on two- or four-door models. It might be a nice feature for some buyers but would certainly add complexity to a truck already known for its ruggedness. We asked Jeep for confirmation, but Jeep spokesperson Todd Goyer could only remind us that the company "can't comment about future products."
In news that is likely to irk the faithful, R&T reports the next model may also ditch its folding windshield for improved safety and possibly even get rid of its rear-mounted, full-size spare tire. The new Wrangler won't go completely soft, though, and will reportedly still feature removable doors and solid axles.

2018 Jeep Wrangler spy shot mega gallery

We've already seen the 2018 Jeep Wrangler in official shots from the automaker. But there were only three, and they showed off only two of the many trim levels we're sure will be offered. So, feast your eyes on this spy shot mega gallery, which puts on display both two- and four-door Wrangler models in Sport, Sahara, Rubicon, and Overland guises. There are more than 40 images here, so take your time before coming back to finish reading. Done? OK, good. There are a few interesting bits worth obsessing over, starting with the two-door Rubicon in black. Obviously, there's no front bumper on this prototype. We can't say for sure whether that's because it's been out testing in its natural habitat, but we can clearly see the potential for top-shelf approach angles. We also get a good look at the removable soft top, which has nice, big, open side windows without the diagonal strip of opaque vinyl cutting through. There are five different four-door Wrangler Unlimited models in this gallery (not including the Wranglers of the last slide that are shot from further away), in Sport, Sahara, and Rubicon trim levels. We see soft tops (with what we hope are preproduction rear windows that don't line up very well) and hard tops in both matte black and body color. Clearly, the hardtops have removable sections for an open-air experience without the hassle of completely pulling off the entire outer shell. Also note that the black Unlimited Overland (with silver highlights and mirrors) is an export-only trim. Finally, take a look at the interior shots at the end of the gallery. We're not sure which model we're looking at, but it's a bit incongruous to see a contrast-stitched and leather-covered dash with a small UConnect touchscreen surrounded by a bunch of hard plastic. Thankfully, we're sure that a larger LCD will be optional, along with a cool body-color dash panel and an additional screen between the two main gauges. The interior we see in this spy gallery shows the eight-speed automatic shifter sitting next to a console-mounted four-wheel-drive shift lever. We've heard that multiple 4x4 systems will be available, including one safe to engage for full-time four-wheel-drive. Related Video: