Hyundai, Chrysler in talks as GM pulls out-sources
http://www.reuters.com/article/mergersN ... 2520081107
NEW YORK/DETROIT, Nov 7 (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.
The emergence of South Korea's largest automaker as a potential bidder for at least part of Chrysler comes on the same day General Motors Corp said it was abandoning its own pursuit of an acquisition of its cross-town rival.
Cerberus also plans to restart talks other potential partners, including Renault-Nissan, the sources added. (Reporting by Jui Chakravorty and Kevin Krolicki; Editing by Andre Grenon; +1-646-223-6033)
