Czechs, Hyundai to make announcement on Monday

Newswire

PRAGUE, March 27 (Reuters) - The Czech Republic and Hyundai Motor plan to make an announcement later on Monday on the South Korean carmaker's investment in the Czech Republic, the Czech Industry and Trade Ministry said. The ministry said in a statement that it has called a news conference at 2:30 p.m. (1230 GMT). It gave no further details. Hyundai has said it could spend around 1 billion euros ($1.2 billion) on a new car factory in the Czech Republic to produce 300,000 cars from 2008, ...

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