Hyundai Motor in final talks with Siemens on JV

Newswire

SEOUL, Aug 24 (Reuters) - Hyundai Motor Co. is in the final stage of talks with German engineering conglomerate, Siemens AG , on setting up an auto parts joint venture, South Korea's top auto maker said on Wednesday. Hyundai has sought strategic alliances with foreign as well as local auto parts makers in a bid to bolster its competitiveness and improve auto technology. In a separate deal, Hyundai and Siemens teamed up to take a controlling stake in Hyundai Autonet , a leading local auto ...

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