This past weekend we saw several reports announcing Hyundai’s interest in joining possible bidders for the Chrysler Group. Hyundai’s response was immediate. The Korean Group’s spokesperson Jake Jang told Associated Press today, “We are not considering to buy Chrysler because our hands are full”, putting all rumours to an end. To be honest I found Hyundai’s interest too far fetched.
But Hyundai isn’t the only Group who’s been reported to be interested in Chrysler. GM is another hypothetical candidate. Yes GM, the firm that has a million or so problems to solve on its own wants to buy Chrysler, a competitive company that’s in the same or probably even worse situation.
Apart from the fact that there’s no logic whatsoever for a move of this scale, GM couldn’t even come to an understanding with the Renault-Nissan Group let alone with Chrysler.
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Talking about the Renault-Nissan Group, and if and I repeat “if”, DaimlerChrysler is seriously searching for someone to “dump” Chrysler and it’s not some sort of tactic to push forward a “hands-down” restructuring plan, I’d say that a scenario concerning an alliance between the American and French-Japanese Groups sounds quiet sane to me. What do you think?