Karsan, Hyundai to invest $260 mln to make trucks in Turkey

Newswire

ISTANBUL, Nov 27 (Reuters) - Turkish vehicle maker Karsan said on Tuesday it will jointly invest $260 million with South Korean Hyundai Motor's to make Hyundai trucks in Turkey. Karsan will start producing the vehicles at the end of 2014, with a target for total production of over 200,000 units in the first seven years, the company said in a statement to the Istanbul Stock Exchange. (Reporting by Seda Sezer)

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