30 May '11, 11am

DTN Singapore: S.Korea's Hyundai Motor aims to invest in Indonesia: JAKARTA - SOUTH Korean car maker Hyundai Mot...

DTN Singapore: S.Korea's Hyundai Motor aims to invest in Indonesia: JAKARTA - SOUTH Korean car maker Hyundai Mot...

South Korean car maker Hyundai Motor Co aims to build a manufacturing plant in Indonesia to tap strong consumer demand. -- PHOTO: AP JAKARTA - SOUTH Korean car maker Hyundai Motor Co aims to build a manufacturing plant in Indonesia to tap strong consumer demand, an Indonesian newspaper reported on Monday, which was denied by the company. Hyundai Indonesia has asked its parent company Hyundai Motor to invest in a factory to be finished in 2013, the Bisnis Indonesia newspaper quoted Jongkie D. Sugiarto, CEO of Hyundai Indonesia, as saying. No investment figure was mentioned. A Hyundai Motor spokesman called the report 'groundless.' Indonesia's investment chief said last year that Hyundai Motor was eyeing the country, where car sales are expected to climb to record levels again this year after surging 57 per cent in 2010. Last year, Hyundai sold 3,700 cars in Indonesia and th...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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straitstimes.com 31 May '11, 8am

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straitstimes.com 24 May '11, 8am

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