Hyundai shows interest in buying stake in Chrysler

As reported earlier today, GM CEO Rick Wagoner confirmed that talks with Cerberus Capital Management about a possible merger or outright acquisition of Chrysler LLC have ended. That got us wondering if Cerberus will once again look to Renault/Nissan which initially offered to buy a 20 percent stake in Chrysler. Well, sources have confirmed that Cerberus owners are looking to restart talks with Renault/Nissan - but wait, there’s more.

Sources are also whispering about Hyundai becoming a potential bidder. Insiders say that talks have taken place between...
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EL34 - 11/9/2008 11:09:55 AM

+1 Boost

I hope this happens.

Go Hyundai!!!

Agent63 - 11/9/2008 5:40:42 PM

+1 Boost

Maybe they'll bring some quality and reliability to Chrysler. That may help save the company.

toolatetorace - 11/9/2008 6:21:08 PM

+1 Boost

I thought it would be the other way around