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Confirmed: Hyundai not in talks with Chrysler for truck deal

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Confirmed: Hyundai not in talks with Chrysler for truck deal

05/14/2010, 5:01 PM BY MARK KLEIS

Two days ago, reports suggested that Hyundai and Chrysler may be in talks for a deal to produce a Hyundai-badged truck based on the Ram 1500. Now, Hyundai has released an official statement denying any such talks are taking place – killing the Hyundai truck before it was ever born.

Following a flurry of rumors suggesting the future of a Chrysler-sourced Hyundai truck, the Korean automaker has now made an official statement denying any possibility of a Hyundai truck in the near future.

Reuters released a report which quoted three different individuals that claimed to have knowledge of a Chrysler-Hyundai tie-up just days ago, but now Reuters says Hyundai has released an official statement in direct response to their earlier report. The sources suggested that Hyundai had approached Chrysler for such a deal in February, only to be denied by Chrysler CEO, Sergio Marchionne.

Due to the current struggles of Chrysler, the inside sources believed the automakers may again be holding talks about a truck deal in order to boost volume production. Now, both automakers have shot down the possibility of a change of heart by Marchionne.

“Hyundai is not in discussion with Chrysler in regard to a selling a re-badged Chrysler Corp pickup truck, or any other vehicle, in the U.S,” Hyundai’s statement said.

link:

http://www.leftlanenews.com/confirmed-hyundai-not-in-talks-with-chrysler-for-truck-deal.html

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