UPDATE 2-Hyundai Mtr, Siemens buy S.Korean car parts firm

Newswire

(Adds analyst quotes, details, shares) By Kim Kyoung-wha SEOUL, July 27 (Reuters) - South Korea's Hyundai Motor and German firm Siemens AG have teamed up to buy a controlling stake in Hyundai Autonet from the Seoul government for $231 million, sending shares in the local car parts firm soaring on Wednesday. The Public Fund Oversight Committee, which oversees how public funds are used, said top local carmaker Hyundai Motor Co. and electronics manufacturer Siemens would pay cash to take ...

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