No more GM/Chrysler love... but Hyundai steps in
Basically, GM is in no fit state to buy anything. They are worth less than AGCO (less than famous tractor manufacturer), and about 1/150th of what VW is worth right now. And to buy things, you should be selling things, something GM has not been so hot at recently.
So, along comes a company which is actually well run, effective, efficient, and growing quickly. Hyundai. They are one of the best car companies out there, and I think, with a long way to grow. I ahave watched and liked them for a long time, though to date they have not built a car that I would really want (the v6 sonata when it came out a couple years ago was the closest), they have an impressive record of getting better and better every year, and selling more cars.
Unsurprisingly, and just as in the AMC sale to Chrysler 20 years ago, the asset which is really desireable is Jeep. Jeep is a great brand name, carries a lot of weight here and abroad, and has a solid lineup of trucks and CUVs (though no so good on the CUV part). That is exactly where Hyundai is weakest (the Sorrento being so-so, and the new Kia Borrego being introduced at just about the worst possible time for a 3-row body-on-frame SUV).
It makes sense to me.
So, along comes a company which is actually well run, effective, efficient, and growing quickly. Hyundai. They are one of the best car companies out there, and I think, with a long way to grow. I ahave watched and liked them for a long time, though to date they have not built a car that I would really want (the v6 sonata when it came out a couple years ago was the closest), they have an impressive record of getting better and better every year, and selling more cars.
Unsurprisingly, and just as in the AMC sale to Chrysler 20 years ago, the asset which is really desireable is Jeep. Jeep is a great brand name, carries a lot of weight here and abroad, and has a solid lineup of trucks and CUVs (though no so good on the CUV part). That is exactly where Hyundai is weakest (the Sorrento being so-so, and the new Kia Borrego being introduced at just about the worst possible time for a 3-row body-on-frame SUV).
It makes sense to me.
Comments
Post a Comment