(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 ...
Premium Content (PAID Subscription Required)
"UPDATE 2-Hyundai Mtr, Siemens buy S.Korean car parts firm" 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
Lisa Williamson by email: firstname.lastname@example.org or phone: (248) 799-2642