Hyundai Motor Co., the world's sixth-largest automaker, on Monday denied a British newspaper report that it is interested in acquiring Chrysler, the U.S. unit of German automaker DaimlerChrysler AG.
"We are not considering to buy Chrysler because our hands are full," Hyundai spokesman Jake Jang said, responding to a report in The Times that the South Korean automaker was among companies interested in bidding for the Chrysler Group.
The Times reported on its Web site that Hyundai was thought to be interested in joining possible bidders for the U.S. automaker, without citing specific sources. The paper said that Hyundai was believed to be interested in gaining access to Chrysler's network of dealerships in the U.S.
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