Carmakers Kia and Hyundai will make big investments this year

Posted on Monday, 2 January 2012 , 23:01:03 byEmil

Filed under hyundaikiahyundai-motor-groupkoreanasianHyundaiAsianKIA

Carmakers Kia and Hyundai will make big investments this year

Hyundai and Kia owner, Hyundai Motor Group, made a very powerful announcement. It seems that it will invest $ 12.2 billion this year so that the facilities are improved. Part of the money will go for research and development.
The company has as target for this year 7 million units and not 6.5 million like last year. We have to admit that even with the economic crisis both Hyundai and Kia have performed just beautifully. This growth is limited a little by the plants' output as it operates almost to its maximum capacity. $ 4.4 billion will be used to accelerate the development of eco-friendly and fuel-efficient cars, $ 2.6 billion will be used in upgrading the already existing plants, but also new factories will be built in South Korea.
In comparison with last year, Hyundai and Kia will increase their investments by 15.6% so that they meet the increased demand. Already they have achieved record sales in the United States market.


Carmakers Kia and Hyundai will make big investments this year image Carmakers Kia and Hyundai will make big investments this year image