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http://www.forbes.com/business/feeds/afx/2007/02/04/afx3393179.html
- Chinese steel
- Chinese parts
- Chinese warranty
- Chinese price
- R&D takes twice as long as normal Hyundais because of having to work with Chinese suppliers.
Hyundai's Chinacar game plan.SKorea's Hyundai Motor to produce 'super cheap' car aimed at China - report
02.04.07, 7:41 PM ET
SEOUL (AFX) - Hyundai Motor Co plans to produce a 'super cheap' economy compact car aimed at China and other emerging markets, JoongAng Daily reported, citing a company executive.
'Hyundai will strategically develop a budget car aimed at the Chinese, Indian, Southeast Asian and Central and South American markets,' the executive was quoted as saying.
The compact car, with an engine size smaller than 1,000cc, will be introduced to China in 2010 at prices beginning at 30,000 yuan or below 4,000 usd, the executive said.
Hyundai's Chinese affiliate, Beijing Hyundai, has already sent letters to its parts suppliers in China to prepare for the project, it added.
- Chinese steel
- Chinese parts
- Chinese warranty
- Chinese price
- R&D takes twice as long as normal Hyundais because of having to work with Chinese suppliers.