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Hyundai taps into Brazil's car boom

2012-11-12

With the completion of a plant in Brazil, Hyundai Motor’s manufacturing network now stretches from Asia to Europe, North America and South America.

Chung Mong-koo, Hyundai-Kia Motor Group Chairman, and top executives of the automaker were in Piracicaba, 160 kilometers (99.4 miles) northwest of Sao Paulo on Friday to celebrate the completion of the company’s first plant in South America, which has the capacity of producing a maximum of 150,000 vehicles a year.


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By Lee Ho-jeong [ojlee82@joongang.co.kr] | http://koreajoongangdaily.joins.com

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