South Korea: Hyundai to raise R&D spend 53% in 2010

Hyundai Motor Group, which encompasses Hyundai Motor and Kia Motors, says it will invest Won 10.5tr (US$9.35bn) in 2010, compared with Won 9.4tr last year, an increase of 11.7%. This will represent the group’s highest ever expenditure and will be aimed at developing eco-friendly models and boosting global sales volume Subscribe to Automotive World to … Continued

• By Webmaster
• January 15, 2010