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Filed under: Hirings/Firings/Layoffs, GM, Hyundai, Earnings/Financials
Late last year and shortly after General Motors and Chrysler called off negotiations regarding a possible merger, news began circulating across the internet that Hyundai might be interested in snatching the Pentastar brand away from Cerberus. Those rumors were flatly denied by the Korean automaker.
Now that things have gotten progressively worse for the two storied American companies, might Hyundai's position have changed? Not so much. Speaking to Dow Jones Newswires, T.H. Chung, senior executive vice president of the automaker's financial and accounting division said: "We don't have such a plan even though the U.S. market is very important to Hyundai Motor." So, in case you were wondering... there you go.
Gallery: 2010 Hyundai Genesis Coupe - First Drive
[Source: Dow Jones Newswires]PSA: In case you were wondering, Hyundai apparently has no interest in taking a stake in a bankrupt GM originally appeared on Autoblog on Fri, 24 Apr 2009 09:56:00 EST. Please see our terms for use of feeds.
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2010 Hyundai Genesis Coupe - Click above for high-res image gallery
Late last year and shortly after General Motors and Chrysler called off negotiations regarding a possible merger, news began circulating across the internet that Hyundai might be interested in snatching the Pentastar brand away from Cerberus. Those rumors were flatly denied by the Korean automaker.
Now that things have gotten progressively worse for the two storied American companies, might Hyundai's position have changed? Not so much. Speaking to Dow Jones Newswires, T.H. Chung, senior executive vice president of the automaker's financial and accounting division said: "We don't have such a plan even though the U.S. market is very important to Hyundai Motor." So, in case you were wondering... there you go.
Gallery: 2010 Hyundai Genesis Coupe - First Drive
[Source: Dow Jones Newswires]PSA: In case you were wondering, Hyundai apparently has no interest in taking a stake in a bankrupt GM originally appeared on Autoblog on Fri, 24 Apr 2009 09:56:00 EST. Please see our terms for use of feeds.
Read | Permalink | Email this | Comments
Read more...
