Is Hyundai's interest in Chrysler legit?

I know that the rumor mill in the automotive industry is about as hot as the celebrity gossip sites that run rampant on the web, (alright that is stretching it a little bit), but with the flurry of all of who-is-with-who in the car making business, when I am seeing all of this happening, my fickleness of all of these reports is growing by the minute.

So when I read about Hyundai's interest in purchasing Chrysler, I have to wonder--is this just a shot across the bow? Is it something that even would be looked at seriously? Insiders say that talks have taken place between Chrysler and Cerberus about a potential acquisition of the Jeep brand and other possible assets.

I don't know--if Nissan-Renault, which already has a stake in the company, has failed in discussions, what basis would one think that Hyundai could march right in and make a bid? My thought is that there is already a bunch of tension surrounding the possible GM-Chrysler merger, so bringing in a foreign buyer out of the blue is just not something that I think is feasible. At a minimum, with the change in leadership of Barack Obama, I believe that there will be a "wait and see" approach at least for a while. If nothing improves, then I may consider this a legitimate "thought".

( Add your comments )

Recent Entries:
· Honda Announces Mileage Marathon Winner
· Cadillac Converj is GM's next electric car
· Could DeLorean save the Pontiac Solstice?

[ READER COMMENTS ]

Is Hyundai's interest in Chrysler legit?

Add your comments...

We kindly ask that you keep your comments relevant to this blog entry. Abusive or inappropriate comments or comments that are specifically promotional in nature may be removed.