Hyundai Motor to invest $1.55 billion in first Indonesia car plant
SEOUL (Reuters) – South Korea’s Hyundai Motor <005380.KS> said on Tuesday it has signed a preliminary deal to build a new factory in Indonesia, which would be its first car plant in Southeast Asia and a crack at Japanese rivals that dominate the market. The deal comes as Hyundai and affiliate Kia Motors <000270.KS> struggle with a prolonged …
News story posted on 2019-11-26T08:56:00.0000000Z
