Hyundai-Daimler truck jv close to launch in S.Korea

Newswire

SEOUL, Sept 24 (Reuters) - South Korea's Hyundai Motor Co said on Wednesday key hurdles standing in the way of a 400 million euro ($432 million) truck joint venture with DaimlerChrysler AG have almost been resolved, paving the way for the launch of the delayed project. DaimlerChrysler, which already owns ten percent of Hyundai , South Korea's top carmaker, is seeking to deepen its ties by launching a 50/50 joint venture in South Korea to manufacture trucks. But the launch had been ...

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