Hyundai Automotive Group plans to increase spending this year a whopping 57%. A total 11 trillion won ($11.8 billion) is targeted for Hyundai Motor Co. Ltd., Kia Motors Corp., Hyundai Steel Co. Ltd., Hyundai Mobis and other automotive-related companies within the group, a Hyundai spokesman tells Ward’s. This compares with a total 7 trillion won ($7.5 billion) spent in 2007. The bulk of the investment will go to the two auto makers, for a combined 4.5 trillion won ($4.8 billion), of which ...
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