While talk of Chinese suitors for Fiat Chrysler Automobiles has quieted, two other Asian companies are being posited as candidates either to take it over or buy its brands.
South Korean press reports have it that Hyundai is looking to acquire FCA. Meanwhile, Bloomberg says Jaguar Land Rover is scouting for acquisitions of international automakers and suggests that certain FCA brands seem like naturals.
Product lineups would appear to match up nicely, in both cases. Hyundai is car-heavy and somewhat SUV-poor. FCA is the opposite.
In an investor note, Lee Jae-il, an analyst at Eugene Investment & Securities, said Hyundai would benefit from an expanded portfolio and high consumer awareness of FCA brands in the U.S. and Europe.
A JLR-FCA tie-up would bring together the world's two foremost off-road brands — Jeep and Land Rover. But the British automaker, owned by India's Tata, may be more interested in expanding its luxury brandscape, and indeed, FCA CEO Sergio Marchionne has engaged the topic of spinning off Maserati and Alfa Romeo.
But non-FCA brands could be of interest to JLR, as well. Volkswagen Group has been weighing the sale of noncore assets including Italian motorcycle brand Ducati, sources told Bloomberg.
Neither Hyundai nor JLR are commenting on the reports.