SOUTH KOREA: Hyundai rules out new truck venture partner
Hyundai Motor reportedly said on Wednesday that it may merge its truck engine joint venture with DaimlerChrysler into its core operations, ruling out getting a new foreign partner.
Hyundai Motor reportedly said on Wednesday that it may merge its truck engine joint venture with DaimlerChrysler into its core operations, ruling out getting a new foreign partner.
According to Reuters, Hyundai terminated its engine production and planned truck alliances with DaimlerChrysler in May and said it would buy DaimlerChrysler’s 50% stake in the truck venture for $US52 million.
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