Hyundai Motor Co. Ltd. reportedly is planning to take total control of its Australian operations. Local media reports predict a A$90 million ($59.5 million) buyout within the month. The company now is represented by Hyundai Automotive Distributors Australia, a subsidiary of Singapore distributor Cycle & Carriage Co. Hyundai's Australian sales have dropped from a peak of more than 50,000 units to last year’s 35,000.
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