SEOUL, Dec 29 (Reuters) - South Korea's top auto maker, Hyundai Motor Co , plans to boost its spending by 10 percent in 2004 to 2.86 trillion won ($2.4 billion), a company spokesman said on Monday. "The investment will focus on expanding the company's overseas manufacturing plants, like those in China and the U.S.," said spokesman Park Sang-woo. Hyundai Motor spent 1.3 trillion won on each of research and development activity and production facilities in 2003, he said.
Premium Content (PAID Subscription Required)
"Hyundai Motor to up 2004 investment by 10 pct" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.