Chi­nese truck ven­ture

Herald Sun - Motoring - - Front Page -

HYUNDAI Mo­tor Com­pany has al­ready an­nounced it will start sell­ing trucks in Aus­tralia this year and has plans to build trucks in China. The South Korean gi­ant says it will launch a joint ven­ture to take ad­van­tage of the emerg­ing mar­ket and plans to pro­duce 100,000 trucks in China by 2014. It stated last week it had reached an ini­tial agree­ment with Bao­tou Bei Ben Heavy-Duty Truck, a Chi­nese com­mer­cial ve­hi­cle pro­ducer that cur­rently builds 40,000 trucks a year. Hyundai said the ven­ture would release a Bao­tou Bei Ben truck soon, and a ve­hi­cle with some in­put from its own en­gi­neers would be­gin pro­duc­tion in 2012. It said it would ini­tially con­cen­trate on heavy-duty trucks, but also plans to pro­duce trucks for lighter du­ties in China.

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