Hyundai To Begin Production Of New Generation i20 In Q414

News: South Korean automaker Hyundai Motor's Hyundai Assan plant in Izmit, Turkey is likely to begin production of the new generation i20 in Q414, reports A sum of US$600mn was invested by Hyundai in the Izmit plant to add the i10 model to the assembly line, making the site a strategic production base for the i10 and i20 models for the European market. Hyundai intends to sell 500,000 vehicles in Europe in 2014. Of the estimated sales figure, the plant is set to deliver 180,000 vehicles. The Izmit plant is due to ship i10 and i20 models to more than 30 countries in 2014.

This article is tagged to:
Sector: Autos
Geography: Turkey

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