Hyundai to Provide Credit as It Diversifies

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00005140-hyundai-to-provide-credit-as-it-diversifi/

BEIJING – Hyundai Motor Co announced it would invest 23.8 billion won (US$25 million) to form a finance company in China as it diversifies in order to rev up sales in the world’s third-largest auto market.

South Korea’s largest automaker will provide credit to private and corporate customers in August in Beijing, according to Li Songhe, manager of the marketing planning department of Hyundai Motor Group (China) Ltd.

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