Hyundai: Newest Chrysler suitor?
Filed under: Government/Legal, Hirings/Firings/Layoffs, Chrysler, LLC., Hyundai, Jeep, Nissan, Earnings/Financials, Renault, Rumormill
On the same day that General Motors announced it would be discontinuing talks with Cerberus over a possible purchase of Chrysler, news hits by way of Reuters that a replacement suitor has sprung up. Wow, that didn’t take long. The latest partner is none other than Hyundai, Korea’s largest automaker. Not surprisingly, it’s the Jeep brand that is again taking center stage according to these initial rumors. Everybody wants Jeep, it seems. If true, the possibility of breaking Chrysler’s automotive operations into bits and pieces once again seems like a distinct possibility. What’s more, after acknowledging that GM is abandoning talks of a “strategic acquisition,” Chrysler’s Bob Nardelli may now be back on the phone with Carlos Ghosn, head of the Nissan/Renault juggernaut, along with, presumably, anybody else who is willing to listen and has a pulse.
[Source: Reuters]
Hyundai: Newest Chrysler suitor? originally appeared on Autoblog on Fri, 07 Nov 2008 18:56:00 EST. Please see our terms for use of feeds.
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