By Jui Chakravorty Das and Kevin Krolicki South Korea's Hyundai Motor Co has had talks with Chrysler LLC owner Cerberus Capital Management about a potential acquisition of the U.S. automaker's Jeep brand and possibly other assets, people with knowledge of the talks said on Friday. The emergence of Korea's largest automaker as a potential bidder for at least part of Chrysler comes on the same day General Motors Corp said it shelved its own pursuit of an acquisition of its. Hyundai and Chrysler in talks as GM pulls out - Worldnews.com South Korea's Hyundai Motor Co on Saturday denied its interest in Chrysler's assets, adding it had no capacity for a new acquisition as it focused on completing construction of overseas plants. Hyundai Motor denies interest in Chrysler assets - Worldnews.com The rumors are flying since GM has lost in it's efforts to convince the Federal Govt. to lend it the money to buy Chrysler. Nissan earlier had made an effort to purchase Chrysler but that deal fell through as well. It would appear that Chrysler's only hope now is a Federal "bailout" otherwise they are on their own. I don't see the option of a car company or any company for that matter the size of Chrysler or GM going into Bankruptcy, it may be the best thing for these companies in the end, they might emerge from it as leaner and more efficient companies and better able to compete in the Market. Yesterday, Car and Driver reported that the average GM automobile containe 1800.00 dollars of built in healthcare cost for UAW employee's while the average Toyota contains 110.00. The facts are these companies GM, Chrysler, and Ford can point to their own demise by their complete mismanagement, poor engineering, poor marketing, and the inability to respond to slow markets and having large inventories of cars and truck in place in an economic downturn that do not suit the needs of the market. Further adding to that demise, is the massive burden these companies are saddled with in Union pension and benefit funds. While I don't blame the Union's for receiving these benefits, it is ultimately the company that say's yes or no if they will pay them. While this may seem simplistic, had the American Auto companies has the ability to say NO and had more interest in competing and producing a good product then perhaps they would not find themselves in such dire straights. While I am not a fan of absolute Unionization in this case for the the companies to up and just say it's all the Unions fault is a baseless argument, when ultimately they are the ones that agree to the terms of employment.