Hyundai Lifting Moratorium on Capacity Expansion

Newswire

By Hyunjoo Jin and Norihiko Shirouzu SEOUL/BEIJING, Feb 11 (Reuters) - Two years ago, Hyundai Motor Co's 75-year-old chairman Chung Mong-koo called a halt to capacity expansion, worried the South Korean group risked running into the kind of quality issues that dogged Japanese rival Toyota Motor Corp when it grew too aggressively in the 2000s. Now, Hyundai and its affiliate Kia Motors Corp are again looking to invest in new manufacturing capacity, running feasibility studies in promising ...

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