Hyundai Motor Group to invest $6 bln in 2009

Newswire

SEOUL, March 1 (Reuters) - South Korea's Hyundai Motor Group said on Sunday it would invest about 9 trillion won ($5.9 billion) this year, an amount similar to its 2008 spending. The group, the world's No. 5 auto maker that has Hyundai Motor Co and Kia Motors Corp under its wing, said 6 trillion won of the planned 2009 investment would be spend on facility and the remaining 3 trillion won was earmarked for research and development. ($1=1532.7 Won) (Reporting by Rhee So-eui)

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