HYUNDAI Denies the Purchase to Jaguar 

HYUNDAI Denies the Purchase to Jaguar

Hyundai no 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.

Return to Main Page

Comments

Add Comment




On This Site

  • About this site
  • Main Page
  • Most Recent Comments
  • Complete Article List
  • Sponsors

Search This Site


Syndicate this blog site

Powered by BlogEasy


Free Blog Hosting