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Despite Reuters reports of Hyundai's interest in Chrysler and specifically the Jeep brand, Hyundai has gone on record denying it. We've grown accustomed to automakers giving the arbitrary "no comment" response when the rumormill swirls with corporate takeover talk, but Hyundai has flat-out denied any interest at all. Almost in the same sentence, though, officials from the Korean automaker state that the company is interested in constructing new plants overseas, so we wonder if there's any fire behind the smokescreen, possibly outside the United States. Perhaps not.

There still remains the chance that Chrysler's automotive operations will be parted out and sold to the highest bidder, regardless of who that party may be. At the very least, Cerberus could decide to sell manufacturing plants to various automakers like Hyundai or the Nissan/Renault alliance, whose offer for 20% of the ailing American automaker may not seem so bad after all.

[Source: Trading Markets]

Hyundai officially denies interest in Chrysler LLC originally appeared on Autoblog on Tue, 11 Nov 2008 09:00:00 EST. Please see our terms for use of feeds.

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Click above for high-res gallery of the Viper ACR

Chrysler may be burning to the ground like ancient Rome, but its craziest citizen, the Dodge Viper, is out dancing in the streets. Because even while General Motors prepares to ransack Chrysler LLC, the Viper sales are continuing undeterred. Although Chrysler sales overall are reportedly down a whopping 32%, Dodge continues to produce and sell Vipers at a rate of 100 units per month. Not just that, but the Viper ACR - the $105k track-prepped super-snake - is all but entirely sold out... not in spite of the poor economy, but because of it. Chrysler reports that with stock portfolios rapidly losing their value and dollar values plummeting, investors are seeing the Viper ACR - potentially to be discontinued and retaining a high resale value - as a sound investment opportunity. With smile inducing dividends, too.

While GM and Cerberus talk take-over turkey, the fiscal viability of the Viper unit is bound to make it an attractive asset for any number of buyers. So while Chrysler may be counting its days, the Viper is likely to live on for some time yet.

Gallery: First Drive: 2008 Dodge Viper ACR


[Source: Inside Line]

Viper still selling like hotcakes, ACR sold out originally appeared on Autoblog on Wed, 05 Nov 2008 10:41:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>cerberuschrysler llcchrysler mergerchrysler take overChryslerLlcChryslerMergerChryslerTakeOverdodge viperdodge viper acrdodge viper salesDodgeViperDodgeViperAcrDodgeViperSalessell viperSellViperviperWed, 05 Nov 2008 10:41:00 EST