SEOUL, South Korea AP - Hyundai Motor Co. is considering building plants in Southeast Asia and Latin America to avoid high tariffs imposed on foreign-made automobiles, a top company official said Thursday."We are developing low-priced vehicles aimed at markets of Southeast Asia and Latin America and also considering building local plants in these areas," Kim Dong-jin, company vice chairman, said at a seminar held in Seoul.
December 15, 2006 at 12:00 AM
1 minute read
SEOUL, South Korea AP – Hyundai Motor Co. is considering building plants in Southeast Asia and Latin America to avoid high tariffs imposed on foreign-made automobiles, a top company official said Thursday.
“We are developing low-priced vehicles aimed at markets of Southeast Asia and Latin America and also considering building local plants in these areas,” Kim Dong-jin, company vice chairman, said at a seminar held in Seoul.
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