Hyundai Motor does not plan to buy British motor-car manufacturer Jaguar.
The manufacturer of cars Hyundai Motor Co largest in South Korea does not plan to buy British Jaguar, belonging to Ford Motor Co. Representatives Hyundai today have informed on it. As they said, the company considered an opportunity of purchase of any automobile brand of a class luxe, and among applicants was Jaguar, however later these plans has been decided to refuse in favour of increase in volume of manufacture at factories Hyundai outside of South Korea. Now Hyundai except for the factories located in South Korea, has factories on manufacture of cars in the USA, China, India and Turkey, informs Associated Press.
On August, 2nd 2006 in a number of the American mass-media there were data that American motorcar giant Ford Motor Co. considers an opportunity of sale of division on manufacture of cars Jaguar and of some other divisions which maintenance is unprofitable to the company. Among them also are financial division Ford Credit. Under the same data, on a background of chronic losses management Ford Motor reflects on creation of an alliance with other motor-car manufacturers by an example of other leader of the American car industry - General Motors which negotiates for cooperation with Renault and Nissan. Official representatives of the company refuse to make comments on these messages.
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