HYUNDAI Denies the Purchase to Jaguar 

HYUNDAI Denies the Purchase to Jaguar

Hyundai no to Jaguar

No weíre not.

Thatís Hyundaiís answer to rumors about the Korean automaker having interest in buying Jaguar from Ford.

The automaker has denied interest in purchasing Fordís money-losing Jaguar brand saying it had too much investment capital tied up in other places. In a statement, Hyundai said that while itís 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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