HYUNDAI Denies the Purchase to Jaguar
No we’re not.
That’s Hyundai’s answer to rumors about the Korean automaker having interest in buying Jaguar from Ford.
The automaker has denied interest in purchasing Ford’s money-losing Jaguar brand saying it had too much investment capital tied up in other places. In a statement, Hyundai said that while it’s true that at one point it did conduct an internal review to acquire a luxury nameplate like Jaguar, that option was dropped in view of immediate priorities.
Executives said that the company is considering launching a premium brand in the future.
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