Hyundai Motor Co. Ltd. has formed an alliance with Siemens AG in a bid to acquire Hyundai Autonet, a former affiliate of Hyundai Group. The company is a leader in global positioning satellite systems, onboard entertainment systems and electronic drivetrain controls. Based in Ichon, Autonet supplies 56% of its products to Hyundai Motor. It also supplies Ssangyong Motor Co. Ltd. and Renault Samsung Motors Inc. in Korea. Overseas, it supplies DaimlerChrysler AG, Ford Motor Co., General ...

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