SEOUL: South Korea’s Hyundai Motor Co plans to spend around US$1.8bil by 2020 on a major offensive in commercial vehicles, including entering the race in the United States, to catch up with rivals in a rapidly growing global market.
Hyundai, the world’s No.5 automaker when paired with sister Kia Motors Corp, has targeted a market it sees growing almost 30% in each of the next five years, but where its share ex-China is a paltry 2.1%.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
