Monday, December 17, 2007

Hyundai Signs Deal To Build New Car Plant In Russia

Hyundai Signs Deal To Build New Car Plant In Russia

South Korea's top carmaker Hyundai Motor signed a deal on Monday to build a car factory in Russia with a capacity of 100,000 vehicles a year, officials said.

Hyundai officials said the company would invest 400 million dollars to build the factory in St Petersburg in the first half of next year.

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