Fiat Chrysler Automobiles CEO Sergio Marchionne has courted potential partners for a merger before, but a new report suggests that a new suitor may be waiting to buy the automaker now. Asia Times reported last week, citing unnamed sources, that Hyundai is waiting until later this year to buy FCA (NYSE:FCAU) ahead of Marchionne's retirement next year. The report suggests that Hyundai (NASDAQ: HYMTF) is waiting for a decline in FCA's stock price before launching the takeover. FCA's stock is currently trading just above $19 per share. FCA declined to comment on the report. A spokesman for...
Volkswagen-Porsche Merger Held Up By Legal Issues, Again
Ongoing lawsuits are holding up the finalization of the Volkswagen Group's merger with Porsche SE, the latest hurdle in an epic ouroboros that has been underway for several years. The details are eye-glazingly boring, but the effects are very real and potentially harmful to both companies. The...Nelson Ireson