Hyundai not interested in Jaguar, Land Rover or Volvo

There’s been no end to the list of potential bidders for Ford Premier Auto Group brands - Jaguar, Land Rover and Volvo. Carmakers such as BMW, Renault and Hyundai were all thrown into the rumor mill as well as equity firms Cerberus, Blackstone and Equity One as suitors but more details are starting to emerge about each bid. Hyundai, for example, has just announced that it has no interest in acquiring any other carmaker, as all its investments are already tied up, a spokesman revealed to MarketWatch.
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Will_ - 7/18/2007 12:27:23 PM

+6 Boost

Nope. Hyundai only has Lexus in their binoculars, which is why they're making their own luxury brand.

Will_ - 7/18/2007 12:47:03 PM

+3 Boost

Stupid, yet hilarious.

Kudos.

M35MT - 7/18/2007 1:02:41 PM

+4 Boost

Hyundai "buy" Lexus? Um, you mean try to COMPETE with them - as Will said - they have to create a new brand.

M35MT - 7/18/2007 2:56:20 PM

+1 Boost

Lexus trades under CUSIP : 892331307 Exchange Symbol: TM, aka: Toyota Motor. Hyundai is not buying Toyota.

Lexus = Toyota

M35MT - 7/19/2007 8:26:36 AM

+1 Boost

It's completely relevant. The point is differentiating between owning stake in a company and actually engineering/designing and buidling the cars.

BMW and Toyota are the only two with enough free cash. Although niether are expected to do anything with it.

mini22 - 7/18/2007 4:32:54 PM

+1 Boost

Private Equity firms like Cerberus or well to do Arab Sheiks would be the most likely buyers. Hyundai will catch Lexus in style and subtance within 5 yrs. already their top of the line SUV is now being favorably compared to the small Lexus SUV.It's just a matter of time. Hyundai does not need a Euro make at this point.If Ford cannot sell Jaguar and Landrover as a package it will probably have to be stuck with them. Just hoping that the new CF midsize sedan is a hit. Otherwise Ford would have to simply shut Jaguar down.

EnnNorak - 7/19/2007 9:51:17 AM

+1 Boost

With all this optimism about Hyundai and possible corporate takeovers, maybe some of you believers in major stock moves should consider writing calls on your favorite auto stocks and use the proceeds of your gains to buy your dream car.

charlik05 - 7/18/2007 5:55:15 PM

-2 Boost

i think BMW should take land rover.

jaguar should be put to sleep

and volvo go back to the sweeds

Hyundai is not a luxury brand, regardless of what they build their image will be what it is a cheap car that can go 100,000 miles and thats it.

luxury cars are image, status, and class. Hyundai is neither.

mikeydred20 - 7/18/2007 7:36:25 PM

0 Boost

The verdict is still out if they can go 100,000 miles.

vman1013 - 7/18/2007 8:16:25 PM

+3 Boost

hyundai is trying to shake the same reputation audi successfully shook. don't say it can't happen. look at samsung and LG in TV's - phillips and sony thought it couldn't happen!

Htay7500 - 7/19/2007 1:42:42 PM

+2 Boost

we had a kia sportage tht went into an accident @ 123k...

samsung kicks @$$!!!!!! who says they can't?!

M316 - 7/18/2007 10:23:22 PM

+1 Boost

I think Hyundai has big enough labour problems at home that they will never overtake the big guns. They are almost as bad as the "big 3"

EnnNorak - 7/19/2007 9:43:26 AM

+2 Boost

Hyundai is becoming more and more recognized as a premium value brand and does not need to buy a brand image from anyone. The new Genesis vehicle will beat the pants off the Jag and the Volvo anyway at a much lower price. If Hyundai needs manufacturing capacity in Europe they can offer to buy Volvo's or Jaguar's manufacturing assets without getting involved in the brands themselves; however, I doubt they would even consider that scenario as they would be better off to build brand new plants with the latest and greatest computerized manufacturing robotry.