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South Korean giant Hyundai has announced rumors regarding the purchase of an Italian-American group Fiat Chrysler Automobiles (FCA).
Hyundai has officially denied speculation that a Seoul company could become majority owner of one of the world's largest automakers.
"Such rumors are unfounded", said Hyundai Corporation spokesperson Michael Stewart .
However, the public of the car is not convinced and believes that this refusal does not mean that Hyundai is not interested in this scenario.
According to rumors, the South Korean giant is only waiting for the fall of the FCA group, which should be the case after the official departure of Sergio Marcione at the head of the Italian-American company l & # 39; next year.
The value of FCA on the stock market is currently $ 18.89, a significant jump of $ 11.07 over last year.
The latest Hyundai and FCA merger rumors come from Asian media sources who cited anonymous sources on the two giant planes.
If the merger were to take place, the new alliance would become the world's largest automaker with 11.5 million units a year. They will surpass Toyota, the Volkswagen Group and the current leader of the Renault-Nissan-Mitsubishi alliance.
For some time, speculation about the possibility for a company to buy an FCA. He first came into contact with Volkswagen, who showed interest in Alfa Romeo, then for the Great Wall of China, while Markione tried to reach an agreement with the American company General Motors.
Due to various market and geopolitical situations around the world, the merger of FCA and Hyundai acts as the most rational option for all parties.
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