South Korea’s Hyundai Motor Co. Ltd. is putting on indefinite hold negotiations with DaimlerChrysler AG over a planned commercial-vehicle joint venture, following DC’s recent deal with Hyundai's Chinese partner. DC holds a 10% stake in Hyundai, making it the largest shareholder. As a first step in the truck deal, Hyundai in Korea began selling Mercedes heavy-duty trucks in 2002. The two in November 2002 launched a $230 million engine plant in Hyundai’s Chonju Commercial Vehicle Plant ...
Premium Content (PAID Subscription Required)
"Hyundai Postpones DC Truck Joint Venture" 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.