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Hyundai is pouring $1.8 billion by 2020 for a new offensive in commercial vehicles. This new offensive will include the U.S. getting some of these new vehicles. According to Reuters, the majority of this investment will go into research and development of vans, trucks, and buses. The remainder will go into raising production of current models. Commercial vehicle sales are expected to rise 30 percent in each of the next five years and Hyundai want a nice slice of it. Currently, sales of Hyundai's commercial vehicles fell in all the markets it sells in at the moment. Hyundai also plans on introducing "premium models in North America and Europe." No timeframe was given for this. Source: Reuters -
Hyundai is pouring $1.8 billion by 2020 for a new offensive in commercial vehicles. This new offensive will include the U.S. getting some of these new vehicles. According to Reuters, the majority of this investment will go into research and development of vans, trucks, and buses. The remainder will go into raising production of current models. Commercial vehicle sales are expected to rise 30 percent in each of the next five years and Hyundai want a nice slice of it. Currently, sales of Hyundai's commercial vehicles fell in all the markets it sells in at the moment. Hyundai also plans on introducing "premium models in North America and Europe." No timeframe was given for this. Source: Reuters View full article
