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MiscellaneousGM Talks Over, New Suitor in Hyundai?
Posted by mike on 2008/11/10 8:26:57 (1632) reads

On today's episode of "How the Jeep-brand Turns", it appears that GM's most recent quarterly numbers (here's a hint - they sucked) have forced it to abandon talks with Chrysler to focus on saving their own skin.

No sooner did that announcement come to pass, when the rumor mill got ramped up again - this time with Korean automaker Hyundai putting the moves on Chrysler in hopes of landing the prettiest girl at the dance, Jeep. From Reuters:

South Korea's Hyundai Motor Co has had talks with Chrysler LLC owner Ceberus Capital Management about a potential acquisition of the struggling U.S. automaker's Jeep brand and possibly other assets, people with knowledge of the talks said on Friday.

It appears that Chrysler may be trying to create a bidding war by also trying to restart talks with Renault-Nissan...

Where would you like to see the Jeep brand end up - cast your vote in our latest poll.

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Poster Thread
carter
Posted: 2008/11/12 7:41  Updated: 2008/11/12 7:41
Not too shy to talk
Joined: 2005/7/27
From: Houston
Posts: 29
 Re: GM Talks Over, New Suitor in Hyundai?
I agree with Brian. If Jeep is to be sold, GM or Ford should buy it. I thought when Ford sold Land Rover that they could now make a case for acquiring Jeep. Put Ford on the Poll, and I'll vote for it.

Poster Thread
skywater55
Posted: 2008/11/11 19:18  Updated: 2008/11/11 19:18
Just can't stay away
Joined: 2006/8/28
From:
Posts: 95
 Re: GM Talks Over, New Suitor in Hyundai?
Hyundai would be fine...better than GM imo. Ive owned 4 jeeps luvd em all....I too own a Hyundai and its been a great car with no issues after 95K and a buddy at work has one with 175K and no problems. Hyundai had a stigma about being sorry cheap little cars and they deserved this at that time. However, they have turned it around and are now making very well equipped cars at affordable prices that are dependable. I would buy a hyundai jeep without any worries based upon my own experience with hyundai....

Poster Thread
catdaddy
Posted: 2008/11/11 10:50  Updated: 2008/11/11 10:50
Just popping in
Joined: 2006/1/8
From: Ft Campbell, Ky (but I live in TN)
Posts: 4
 Re: GM Talks Over, New Suitor in Hyundai?
Instead of fearing uncertainty with Jeep, why don't we (the Jeep owners of America) buy Jeep. I know it sounds crazy, but seriously think about it. Who knows what the average Jeep guy want better than the average Jeep guy. We as a group could finally get the JT into production or the diesel we want in the Wrangler. There is what, approximately 5 million jeep owners out there, maybe 1 or 2 million that would partake in the business venture. I figure we would need between 4 and 5 BILLION dollars to buy the brand from Cerebus. That is an initial investment of 2500 to 5000 from each Jeep owner (average). Obviously some will invest more and some less. The only stipulation is that you must OWN a Jeep to buy and invest in Jeep. We could focus on what real Jeep owners want out of our vehicles. Have it so every owners vote on the board counts and to keep from being taken over make it so every owner, regardless of investment, that owns a Jeep an owner of the company. I.E. there is one share automatically attched to every Jeep.

Mull this idea over, I think we can make it work.

i am willing to try.

Poster Thread
Brian_R
Posted: 2008/11/12 16:41  Updated: 2008/11/12 16:41
Quite a regular
Joined: 2005/11/28
From:
Posts: 47
 Re: GM Talks Over, New Suitor in Hyundai?
A Coop structure like REI is set up would be interesting, and is pretty close to what you're mentioning, although it would be a bit more open for participation.

Poster Thread
xjken99
Posted: 2008/11/10 19:11  Updated: 2008/11/10 19:11
Quite a regular
Joined: 2005/9/14
From:
Posts: 58
 Re: GM Talks Over, New Suitor in Hyundai?
At this point I am in favor of who ever can take Chrysler as a whole and keep it alive. I would hate to see Chrysler broke up and sold in pieces. GM was a bad idea from the get go and Nissan/Renault has a lot of their own problems. When I first heard Hyundai mentioned I threw up a little in my mouth but , after thinking about it it could be an interesting fit. I think they are one of the more progressive auto companies out there. I think one of their biggest problems is credibility and bringing Chrysler under the roof could give them a big boost in credibility and a real luxury division. They do have a desire to be a full line manufacturer and the purchase of CDJ gives them a truck division and Jeep. It could be interesting.

Poster Thread
loner
Posted: 2008/11/10 13:17  Updated: 2008/11/10 13:17
Just can't stay away
Joined: 2006/2/24
From:
Posts: 71
 Re: GM Talks Over, New Suitor in Hyundai?
I'm leaning towards Mahindra. They would get the US manufacturing capability they want and they understand the value of simple rugged 4wd's. The odds of them screwing up Jeep from a design spirit are pretty low. I think we would get our diesel Jeeps too.

Renault-Nissan is interesting but I don't know how Jeep fits in with all their North American and global vehicles. They would have too many suv 4wd things with Jeep and what gets the axe and what doesn't?

Hyundai has nothing like Jeep in their line up and decent finances but I dunno how I would feel about that.

Funny thing is I would really rather see the above three buy them then Ford or GM at this point. Who cares if an American icon stays American if they completely f@%* it up or go bankrupt themselves?

Poster Thread
Brian_R
Posted: 2008/11/10 9:33  Updated: 2008/11/10 9:33
Quite a regular
Joined: 2005/11/28
From:
Posts: 47
 Re: GM Talks Over, New Suitor in Hyundai?
That poll stinks, I'd vote for an American company for an american icon, but the only option is GM. And we all know GM already had their shot at a real off road brand in Hummer and screwed the pooch on that one. That leaves Ford and uh Ford as the only remaining domestic option, and it's not on the poll either. Don't make me choose!

Poster Thread
mike
Posted: 2008/11/10 20:48  Updated: 2008/11/10 20:48
Webmaster
Joined: 2000/4/13
From:
Posts: 42
 Re: GM Talks Over, New Suitor in Hyundai?
I didn't put Ford in the poll since they haven't been mentioned as a potential buyer. Yet.

-mike

Poster Thread
jpsmith
Posted: 2008/11/10 8:37  Updated: 2008/11/10 8:37
Just can't stay away
Joined: 2006/7/25
From:
Posts: 97
 Re: GM Talks Over, New Suitor in Hyundai?
I voted Renault-Nissan due to lack of the "I'd love to see a stand-alone Jeep company" option.

Poster Thread
highdesert
Posted: 2008/11/13 15:08  Updated: 2008/11/13 15:08
Not too shy to talk
Joined: 2006/1/9
From:
Posts: 34
 Re: GM Talks Over, New Suitor in Hyundai?
VW might be a logical buyer ... VW provides the turbo diesel for the Patriot. Built in the US with a slick six manual transmission the VW turbo Patriot yields 40+ MPG. This puts it in the category of the highest mileage 4X4. And, this is exactly the type of technology and vision we need in NA to revitalize the brand.
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