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Hyundai Motor and Algerian car maker Global Group signed a deal on Monday to establish a joint venture to produce commercial cars in Algeria. The joint venture will operate a factory that assembles knock down kits in Batna, Algeria. The assembly facility is…
A GM Korea shareholders’ meeting Friday decided to spin off its R&D and design department, reigniting conflict with its labor union and the state-owned Korea Development Bank (KDB), the automaker’s second-largest stakeholder. “The plan to establish a…
Vietnam’s auto industry has suffered from rewards not being connected to production and the neglect of domestic suppliers. It is evident that while joint ventures have continually received financial support and incentives without developing production,…
