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 ...

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!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.