Rumors swirled this past summer after Korean news outlets reported Fiat-Chrysler Automobiles and Hyundai were in talks to possibly merge operations. Those rumors are, for all purposes, false.
However, the two have been in talks to start a technical partnership, Reuters reported last Saturday. FCA CEO Sergio Marchionne named two areas when speaking to press: transmissions and hydrogen.
“We already buy components from (Hyundai) …. let’s see if we can agree on other points, especially for the development of transmissions and hydrogen,” he said. He said there was nothing to announce at the moment, though.
He then squashed plans for a Hyundai-FCA tie-up. Asked if the partnership could become something more, like a merger, he said, “I don’t believe so.”