Hyundai Motor’s first overseas plant in Turkey makes decent turnaround

Quick Summary:

Back in the late 1990s, South Korea’s top automaker Hyundai Motor Co.built its first overseas plant in Turkey, betting on the European and Middle Eastern markets’ growth potential.

With increasing demand for new vehicles, Hyundai’s plant in Istanbul posted an operating rate of 119.9% in the first half – the highest among 13 factories operated by Hyundai and its affiliate Kia Corp.across the globe.

At HAOS, Hyundai produces the compact hatchback i10 and i20, the high-performance compact hatchback i20N and the compact sports utility vehicle Bayon, sold in Europe, the Middle East and Africa.

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Article Details

Category: Economy

Markets: South KoreaIndiaIsraelKazakhstanTurkey

Topics: Hyundai Haos Korea Year Motor Turkish Turkey First Economy Plant Middle

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-21 @ 11:22:14 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 460 words

Reading Time: 3 minutes read

Sentences: 29 lines

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Copyright Owner: © Korea Economic Daily

News ID: 22188163

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