Hyundai Motor has denied it is interested in taking over Chrysler’s Jeep brand.

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Reuters, citing unnamed sources, had reported on Friday that Hyundai had held talks with Chrysler owner Cerberus Capital Management about a possible buyout of the Jeep brand and possibly other assets.


“The report is not true and we are carrying out our investment as planned,” a Hyundai official told the Yonhap news agency, adding that the Korean automaker is focusing on constructing plants overseas.

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