Milliyet - Hyundai is speeding up investments in its Turkish plant to begin i10 production as early as possible. Originally planned for production at the end of the year, the new supermini to compete in European markets will instead roll out in September, according to Hyundai-Assan Chairman, Ali Kibar.
The company is close to completing the production line upgrades to accomodate the new supermini, Kibar told reporters about the USD 630 million investment. “The start of the production of the i10 model is rescheduled to September, some three months earlier than the original plan. This is not something we see very often in this business..”, Kibar said. The investment will increase the capacity at the plant, which currently manufactures Accent Era and i20 Troy models, to 200,000 vehicles per year.
Manufactured in the Hyundai plant in Kocaeli’s Izmit district in northwestern Turkey, the i10 will help Hyundai to grab a larger share of the supermini market in Europe.