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Beijing Hyundai building 3rd China plant

Mon, 11/29/2010 - 11:03 by Rakhi

Beijing -- The South Korean-Chinese joint venture Beijing Hyundai broke ground for its third auto manufacturing plant in China Sunday on the outskirts of Beijing.

The plant will produce up to 400,000 vehicles a year when completed in 2012, Xinhua reported. Beijing Hyundai's two other plants, also located in Shunyi District, churn out a combined 600,000 units per year.

The ground-breaking event was attended by China's top political adviser, Jia Qinglin, and Hyundai Motor Chairman Chung Mong-koom the state-run news agency said.

Business, as well as cultural ties, between China and South Korea have been expanding since the two nations established diplomatic ties in 1992, Jia noted.

Hyundai Canada sweetens clunker trade-in

Thu, 08/20/2009 - 21:10 by Inderjit Singh

Toronto -- Automaker Hyundai Canada has unveiled a financial initiative to bolster federal incentives to trade in old cars for more fuel-efficient models.

The program offers between $500 to $1,000 to car owners who participate in the federal government's Retire Your Ride program, the Toronto Sun reported.

The federal program offers $300 for those who trade in 1995 or older cars.

Hyundai Canada President Steve Kelleher said the company had allocated more than $2 million for the rebates, enough for 4,500 cars.

Hyundai to supply Santro for Mumbai's taxi fleet

Mon, 04/06/2009 - 18:00 by rcrchauhan

Mumbai, April 6 -- Hyundai's compact car Santro is set to be launched here as taxis after the state government ordered the phasing-out of nearly 7,500 ageing cabs.

The company Monday shipped 30 Santro cars to the Mumbai taxi union, saying it would supply 1,250 vehicles by the year-end.

"Santro is a proven and low-maintenance vehicle with lots of interior space. We want to make a breakthrough in the Mumbai taxi market and hope to start it with the Santro," said D.C. Seol, Hyundai India's senior general manager of sales in a statement.

According to a recent state transport department order, taxis that are over 25 years old will have to be phased out, which immediately takes out 7,500 of the 55,000 cabs plying on Mumbai's roads.