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Hyundai won't jump for Jeep
Automotive News Europe
November 17, 2008 06:01 CET
Hyundai is pushing hard to be a bigger U.S. player, but cherry-picking at Chrysler isn't part of the plan.
"Our hands are full" with expansion around the world, says Hyundai spokesman Jake Jang. "We have no interest in acquiring any company. That includes Chrysler."
Two weeks ago, reports were circulating that Hyundai was interested in buying Chrysler's Jeep brand.
Although Cerberus, which owns Chrysler, is hot to sell, shoppers have backed off. Last month, Nissan CEO Carlos Ghosn said companies aren't "going to be risking cash for a strategic move while they have absolutely no clue how long this (global financial crisis) is going to last."
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