Hyundai Motor Co. Australia Pty. Ltd. says Sydney will be the location of its new A$70 million ($54.5 million) headquarters. Hyundai Australia picked Sydney over Melbourne and Brisbane because of its superior infrastructure, the auto maker says in a statement. The purpose-built complex will be completed in mid-2008 and will support some 250 Hyundai Australia employees, as well as staff from Hyundai Steel Co., Hyundai Capital and Glovis Australia, Hyundai’s vehicle logistics subsidiary. ...

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