Koreans join line-up of potential purchasers for DaimlerChrysler's US arm
19 February 2007

Korean car maker Hyundai is the latest firm to be rumoured to want to buy Chrysler.

Last week (16 February), General Motors was said to be in negotiations to buy the firm. Sources in both Germany and the US said that high-level talks were taking place between bigwigs from both Chrysler's parent company DaimlerChrysler and GM.

Chrysler is in a difficult position, having last week announced that it was cutting 13,000 jobs from its 83,000-strong North American workforce by 2009.

DaimlerChrysler boss Dieter Zetsche has said that he is considering all options for struggling Chrysler, including selling it.

Hyundai would be interested in both the Chrysler brand – which includes Jeep and Dodge – and its dealer network across the US.

The Korean firm is already linked to Chrysler through the World Engine Programme, through which the firms (and also Mitsubishi) developed a new series of four-cylinder powerplants.

Besides GM and Hyundai, other possible suitors for Chrysler include Chinese firms SAIC (which is manufacturing rebadged Rover 75s) and Chery.

Add your comment

Log in or register to post comments

Find an Autocar car review

Driven this week

  • BMW M5
    First Drive
    22 March 2018
    Super saloon deploys four-wheel drive to improve every facet of its driving experience. Faster and more capable than any, and more exciting than most, of its celebrated predecessors
  • Range Rover Sport SVR
    First Drive
    22 March 2018
    More power and an intoxicating soundtrack have breathed new life into our love affair with the biggest, baddest Range Rover Sport variant
  • First Drive
    21 March 2018
    The new Vantage has been developed as a Porsche 911 beater, and our first taste on UK roads suggests it can live up to that bold claim
  • Nissan Leaf Tekna
    The is the new Nissan Leaf
    First Drive
    21 March 2018
    The new version of the world's best-selling electric car gains a bigger battery and more power. How does it compare to rivals such as the Volkswagen e-Golf?
  • Range Rover p400e
    First Drive
    20 March 2018
    The original luxury SUV is now available as a plug-in hybrid, promising lower emissions and the capacity for silent electric motoring