Hyundai Motor Sells Chongqing Plant in China for Some 300 Bln Won

SEOUL, Jan. 16 (Korea Bizwire) — South Korea’s top carmaker Hyundai Motor Co. said Tuesday it has sold one of its plants in China as part of a business reorganization strategy in the world’s biggest auto market. Beijing Hyundai Motor, Hyundai’s joint venture with China’s Beijing BAIC Motor, sold the Chongqing plant to an industrial [...]