Reuters said the early Saturday edition of the newspaper quoted an unnamed Hyundai official as saying “The joint purchase is to bolster partnerships between the automakers.”
Citing the newspaper, Reuters said the amount exceeds the $11.1 billion of annual purchases made by General Motors and the $9.8 billion spent by Ford.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData