Hyundai denies interest in buying Chrysler Group
February 19, 2007 10:34PM by Michael Savio
Hyundai Motor Co, the sixth-largest automaker in the world, has emphatically denied reports that it is interested in acquiring the Chrysler Group, the troubled U.S. arm of DaimlerChrysler.
Hyundai responded to an online article published by the U.K.’s Times of London. “The report is not true… Hyundai Motor did not have a plan (to bid for Chrysler),” said the Korean automake in a brief statement.
“We are not considering to buy Chrysler because our hands are full,” said Hyundai spokesman Jake Jang.
Hyundai has had it own struggles over the last year, following the indictment, and later criminal conviction of Chung Mong-koo, chairman of the Hyundai Motor Group.
## Source: Forbes ##
Posted in: Chrysler, Hyundai, Business, News
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February 22nd, 2007 at 10:17AM
[…] Hyundai and Nissan-Renault saying they are not interested, the list of potential buyers gets even […]