Hyundai Mtr, Siemens buy into S.Korea car parts firm

Newswire

SEOUL, July 27 (Reuters) - South Korea's Hyundai Motor Co. and German electronics manufacturer Siemens AG have jointly bought a 43.24 percent stake in car parts firm Hyundai Autonet for 237.1 billion won ($231.3 million), a state agency said on Wednesday. The state-run Public Fund Oversight Committee said in a statement that Hyundai Motor and Siemens would pay cash to buy the stake in Hyundai Autonet . ($1=1025.0 Won)

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