Last week it was reported that GM had suspended all talks with Chrysler about an apparent merger after the U.S. treasury denied GM's request for aid to buy Chrysler. Now it're being reported that Hyundai may be interested.
According to Reuters, Hyundai and Chrysler's owners, Cerberus Capital Management, have been in talks about Hyundai acquiring the Jeep brand. Both automakers have not released an official statement about the discussions.
Before the GM and Chrysler talks took place, Renault-Nissan was also having talks with Cerberus to acquire parts of Chrysler. Now that the GM talks are off Renault-Nissan may renew its discussion.
Chrysler CEO Bob Nardelli recently stated "As an independent company we will continue to explore multiple strategic alliances or partnerships as we investigate growth opportunities around the world that would aid our return to profitability."
Full Story: Motor Authority
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U.S. Government Denies GM's $10 Billion Request to Buy Chrysler
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Comments (7)
Old. This was denied by Hyundai themselves on Friday.
Posted by Marky Mark | November 10, 2008 9:28 AM
Posted on November 10, 2008 09:28
Can't imagine a Hyundai Jeep Wrangler, probably look like a Suzuki Samurai. Talk about a take over and a roll over deal! lol..
Posted by sparky | November 10, 2008 11:42 AM
Posted on November 10, 2008 11:42
@Marky Mark
Just wondering if you can tell me your source bro. Would like to know it myself just to be safe!
Posted by Saheed | November 10, 2008 4:21 PM
Posted on November 10, 2008 16:21
Chrysler is in talks with both Hyundai and Shanghai first Auto-works (partner of H in China).
Hyundai is making Chryslers new V6 as i said before.
Posted by lowest iq | November 10, 2008 4:34 PM
Posted on November 10, 2008 16:34
The Jeep Wrangler is the only domestic that I actually like. Granted, if you're not a Mt. Biker, hiker, shooter, etc., you have no point in owning one. And even then, a Subaru or any other AWD crossover can do 95% of what most people driving a Wrangler use it for. Not to mention the MPG is horrendous. A friend had one and it was getting like 11mpg in the city, 15mpg on the freeway.
Posted by Noya | November 11, 2008 3:57 AM
Posted on November 11, 2008 03:57
Owning two Jeep Wranglers, one with a 4 cyl and one with a 6 cyl, I can say with 100% experience that the Jeep Wrangler has no match. Forget Hummer, FJ, etc.. They simply can't do what you can do with a Jeep, no contest, no way... They also have great resale value..
Now, if you use a Jeep like you use a Subaru or an FJ ( a larger subaru IMO), then you bought the wrong vehicle. Unless of course you like how you look in a jeep and enjoy taking the top off!
I miss my jeeps and they never had a mechanical issue I didn't cause lol... But they are not commuters by a long shot..
Posted by sparky | November 11, 2008 9:12 AM
Posted on November 11, 2008 09:12
@Saheed
Competitor websites to TheTorqueReport -- the day it was posted, as well as my own sources close to the proceedings.
Sorry, not trying to sound like a jerk. Sometimes TTR is a little, ahem, Geo Metro-like in its speed and accuracy.
Posted by Marky Mark | November 11, 2008 12:31 PM
Posted on November 11, 2008 12:31