Hyundai Motor company plans on investing about $73 billion by 2018

Thursday 08 January 2015, 15:17 PM by

Hyundai has been brand that has stood strong amongst a list of globally popular automakers. To continue meeting customer expectations and stay upgraded with times, Hyundai plans on investing about $73 billion in South Korea over the next four years for building of new headquarters, expanding production capacities and developing new vehicles.

Hyundai Motor company plans on investing about  billion by 2018 | CarTrade.com
Hyundai Motor company plans on investing about $73 billion by 2018

Hyundai Motor shall reportedly invest about 49.1 trillion won on capital investment whereas about 31.6 trillion won would be invested in research and development by 2018. A statement released by the company in this regard reads, “By investing such a record amount, we are planning to focus on securing core technologies in environmentally-friendly cars, smart cars and other next-generation cars.”

The company shall also spend about two trillion on the Internet-enabled smart cars. Moreover, the company shall also hire about 7,000 new researchers and engineers who shall aid with development of modern technology.

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