Hyundai Motor Co. Ltd. denies media reports it will sign contracts with two European engineering firms to develop a family of truck diesel engines that will meet Euro4 emission standards. A recent wire service report and a report in a Korean newspaper say Hyundai will sign contracts this month with engine development firm AVL in Austria and Ricardo plc in the U.K. to design the new engine. “The reports made it look like Hyundai Motor isn’t capable of developing its own diesel engines ...

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