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January 9, 2015

Hyundai announces multi-billion investment; Lundin reduces 2015 budget by one-third; and Market Basket installs new board of directors

Hyundai announces multi-billion investment

Hyundai Motor Corporation, the Korea-based car company controlled by the Chung family, has announced a multi-billion euro investment to make up for its slowest sales growth in over a decade.

The carmaker said Tuesday that it plans to spend 80.7 trillion won (€62.5 billion) on new factories over the next four years and will be primarily focussed on research and development.

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