Hyundai Motor to up 2004 investment by 10 pct

Newswire

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.

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