Rumours through the grapevines indicated that Hyundai’s Kia unit might be the new owner of Ford’s struggling Jaguar brand, and perhaps even Land Rover. This might be bad news for Jaguar fans, you might see new Jaguar sedans based on the Kia Amanti or something. The Kia Amanti already looks very suspiciously like a Jaguar S-Type. And most of you know the Jaguar butt of the previous generation Hyundai Sonata.
Anyway, there were talks of this, but Hyundai has come out and informed media that yes there was an internal study done on the feasibility of acquiring a luxury marque like Jaguar from Ford Motor Co but it was ruled out because Hyundai decided it needed to focus on expanding production instead.
Unlike Jaguar, Ford’s other two luxury brands – Land Rover which makes luxury SUVs and Aston Martin which makes luxury sports cars – were profitable in 2005.