SEOUL — Korea's No.1 automaker, Hyundai Motor Co. Ltd., and DaimlerChrysler AG are joining forces to develop and produce small passenger cars, commercial vehicles and parts. The official announcement of the anticipated alliance was made in Korea on June 26, shortly after officials from both companies signed a letter of intent here. The alliance deal calls for DC to pay US$428 million for a 10% stake in Hyundai Motor. DC affiliate Mitsubishi Motors Corp. already owns a 4.8% share in ...
Premium Content (PAID Subscription Required)
"DC, Hyundai form truck alliance" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.