South Korea's largest auto maker will invest $1.2 billion in launching a new commercial vehicle venture in China, reports say. Hyundai Motor Co. Ltd. will team with Guangzhou Automobile Co. Ltd. with an initial investment of $430 million to build trucks and buses, according to a Bloomberg report. China's commercial vehicle sector is growing twice as fast as the personal-use market, the news agency says. The balance of the investment will be made by 2011. The joint-venture company, ...

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