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Old 8th January 2015, 06:53   #1
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Default Hyundai to invest $73 billion globally by 2018

South Korea's Hyundai Motor Group, the world's fifth-largest automaker, said on Tuesday it would spend $73 billion over four years on expanding capacity, building new headquarters and developing new vehicles.

Link to the article: http://www.reuters.com/article/2015/...0KF0AS20150106
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Old 9th January 2015, 15:53   #2
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Default Re: Hyundai to invest $73 billion globally by 2018

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Originally Posted by carZest View Post
South Korea's Hyundai Motor Group, the world's fifth-largest automaker, said on Tuesday it would spend $73 billion over four years on expanding capacity, building new headquarters and developing new vehicles.

They are moving in the right direction. Not to forget Hyundai is a relatively new car manufacturer when comparing with many Japanese and German brands. From their success story in USA, we can tell the perception of Hyundai being a cheap car manufacturer has changed around the world.

I think its time to launch more cars like 'Veloster Turbo Coupe' to establish it as a maker of sporty cars too

Last edited by GTO : 9th January 2015 at 16:33. Reason: Typo
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Old 28th February 2015, 20:40   #3
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Default Re: Hyundai to invest $73 billion globally by 2018

A Toyota vice president I think , a few years back , was asked who Toyota feared the most - was it Honda,Nissan or GM - he replied it was Hyundai. He was not at all scared of Honda but thought that Hyundai had all the makings of toppling any other big car maker.

Hyundai is very different compared to even 10 years ago. Their quality is much better but I dont think they are no way near Toyota's reliability. But their designs are very contemporary and edgy. In the US , Hyundai's image still lacks behind Toyota/Honda. And its sibling - Kia's image is even worse.

They just have to keep working on it - keep prodiucing doo cars with quality - and eventually their perception and image will change.
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