Hyundai Powers Small Car Strategy

South Korea's Hyundai Motor is supporting its strategy to make India its global base for small cars with the news that it will invest US$500mn in a plant for engines and transmissions. The new facility, with an annual production capacity of 350,000 units, will produce aluminium cylinder blocks for the new small car to be launched between late 2007 and early 2008. The plant will become operational in 2007 and will be partly funded by Hyundai's local

To read the full article, please choose one of the following options: