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Hyundai Motor Group says to invest US$73.2b by 2018

Tuesday, January 6, 2015 - 11:01
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Hyundai Motor Group, whose key units include Hyundai Motor and Kia Motors , said on Tuesday it plans to invest a total of 80.7 trillion Korean won (US$73.20 billion) in building/expanding factories, constructing its new headquarters and other areas by 2018.

[SEOUL] Hyundai Motor Group, whose key units include Hyundai Motor and Kia Motors , said on Tuesday it plans to invest a total of 80.7 trillion Korean won (US$73.20 billion) in building/expanding factories, constructing its new headquarters and other areas by 2018.

Hyundai Motor Group, South Korea's second-biggest conglomerate, said in a statement that it planned a capital expenditure of 49.1 trillion won and research and development spending of 31.6 trillion won by 2018.

REUTERS