Hyundai plans new investments in Turkey next year.

By bne IntelliNews November 29, 2010
Chairman of Hyundai Assan, Ali Kibaroglu, told daily Hurriyet that PM Recep Tayyip Erdogan held talks with chairman of Hyundai Mong-Koo Chung at the sidelines of the G-20 summit in Seoul. At the meeting, chairman of Hyundai suggested that Hyundai may undertake new investments in Turkey, according to Kibaroglu. Hyundai's plans for Turkey include establishment of a new factory and joint production of a new model and Hyundai will announce details in the first quarter of 2011, Kibaroglu asserts. Hyundai Assan is a joint venture between local Kibaroglu Holding and Hyundai.

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