2 Articles

On the same day that General Motors announced it would be discontinuing talks with Cerberus over a possible purchase of Chrysler, news hits by way of Reuters that a replacement suitor has sprung up. Wow, that didn't take long. The latest partner is none other than Hyundai, Korea's largest automaker. Not surprisingly, it's the Jeep brand that is again taking center stage according to these initial rumors. Everybody wants Jeep, it seems. If true, the possibility of breaking Chrysler's automotive o

"No thank you," Hyundai says to buying Chrysler. "We've got our hands full right now." That's a paraphrase of what a spokesman from the Korean company said in response to a report in a London newspaper that Hyundai wanted to buy Chrysler. Now the Times of London is reporting that J.P. Morgan has begun the process of auctioning off Chrysler and is preparing to send information memorandums (is that what big banks call classified ads?). The Times also says an auction could happen as early as this w