Hyundai to open plant in Thailand
Afp, Bangkok
Hyundai, South Korea's top automaker, said Wednesday that it is setting up a production facility in Thailand, in its first investment here since pulling out of the country after the 1997 Asian crisis. Hyundai Motor (Thailand), capitalised at about 12 million dollars, has been set up for local production and distribution of three models. The automaker aims to begin production of its mid-sized sedan Hyundai Sonata in Thailand in the fourth quarter of this year, with part of the output for export to the rest of Southeast Asia, it said.
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