Hyundai in talks to sell financing arm to GE Capital

Newswire

SEOUL, March 25 (Reuters) - South Korea's biggest car maker, Hyundai Motor Co , said on Thursday it was talking to GE Capital, the finance arm of General Electric Co , over selling a stake in its unlisted auto retail financing unit. The move was part of Hyundai Motor's attempts to secure foreign investment to support its ailing auto retail financing overseas, said a source at Hyundai Capital Services Inc. Hyundai Motor, which generates more than 60 percent of its sales revenues overseas, ...

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