Hyundai Motor signs final $557 mln JV deal with Nanjun Auto

Newswire

SEOUL, April 28 (Reuters) - South Korea's Hyundai Motor said on Thursday that it had signed a final agreement on a 600 billion won ($556.8 million) joint venture with China commercial vehicle maker Sichuan Nanjun Automobile Group Co., Ltd. (Nanjun Auto). The 50-50 joint venture, which will be established in Ziyun city in the southwestern province of Sichuan late this year, aims to produce 160,000 commercial vehicles annually by 2013, Hyundai Motor said in a statement. Hyundai aims to ...

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