Czechs say deal on Hyundai plant likely next week

Newswire

PRAGUE, March 24 (Reuters) - The Czech Republic is likely to sign a memorandum of understanding with South Korea's Hyundai Motor on an estimated 1 billion euro ($1.2 billion) car plant next week, the Industry Ministry said on Friday. Hyundai has said it could spend around 1 billion euros on a factory in the Czech Republic to produce 300,000 cars from 2008. Earlier on Friday, the Czech daily Pravo, citing a well informed source, reported that the long-awaited agreement on what would be ...

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