Showing posts with label GM is Out...But Hyundai Might be the Next Chrysler Suitor. Show all posts
Showing posts with label GM is Out...But Hyundai Might be the Next Chrysler Suitor. Show all posts

11/12/08

GM is Out...But Hyundai Might be the Next Chrysler Suitor

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.