DaimlerChrysler AG and Hyundai Motor Co. Ltd. break ground on their South Korean joint engine plant in Hyundai’s Chonju Commercial Vehicle Plant complex. The new equal joint venture, named Daimler Hyundai Truck Corp., was formed last July. The plant represents an investment of 30 billion won ($230 million) – including engine development and plant tooling costs. The plant will build 50,000 900 series diesel engines annually for use in commercial vehicles when it hits full stride in 2005. ...
Premium Content (PAID Subscription Required)
"Printer-friendly" 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.