Hyundai in talks with banks to finance Chinese CV project

South Korean vehicle manufacturer Hyundai recently asked certain banks in China and elsewhere to submit letters of intent to finance its commercial vehicle project in Sichuan, China. According to media reports, the OEM is seeking financing to the tune of US$100m-US$150m. Hyundai has reportedly contacted more than 20 banks in China, It’s time to log … Continued

• By Webmaster
• December 5, 2012