SEOUL -- South Korea’s No.1 auto maker Hyundai Motor Co. Ltd. says it has signed a memorandum of understanding with Beijing Automotive Industries Holding Co. to create a 50/50 joint venture car plant in China, with annual capacity of 100,000 vehicles. The MOU stipulates that Hyundai will invest the equivalent of $250 million in the JV, which expects to begin making cars in October. Beijing Auto has a long-time joint venture with DaimlerChrysler Corp. that builds Jeeps and other SUVs. DC ...
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