11/20/2009

Hyundai to invest USD 100 million in Turkey for production of i20

AA - Yavuz Kim, Hyundai Assan’s Second President, said his company is getting ready to begin manufacturing i20 automobiles at its plant in the northwestern Turkish province of Kocaeli as of May 2010. According to Kim, Hyundai's investment in the Kocaeli plant for i20 automobiles will total almost USD 100 million. "Our primary objective is to produce 80,000 i20s per year. Of this amount, we plan to export 70,000 i20s to European countries", Kim remarked. Hyundai launched its i20 model automobiles in the Turkish market in May, 2009. The company sells around 400 i20s per month on average in Turkey.

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