PARTNERSHIP BETWEEN DAIMLERCHRYSLER AND HYUNDAI MOTOR TERMINATED.

From: Transport Europe | Date: May 15, 2004 | Copyright information

The South Korean automobile manufacturer Hyundai Motor and the German-American group DaimlerChrysler announced on May 12 that they were ending their partnership. "DaimlerChrysler has decided to sell its 10.5% in Hyundai Motor" according to a joint statement from the two groups. DaimlerChrysler acquired the stake in 2000 for 400 million dollars. He two firms had planned to jointly produce 100,000 DaimlerChrysler diesel engines from 2004 and 100,000 lorries from 2005. In their statem...

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