Hyundai to invest $295 mn to expand biz of shipping finished cars

Thursday, Oct 29, 2015

Hyundai Glovis Co said on Wednesday it plans to invest $294.8 million to buy four ships to transport automobiles.

Hyundai Glovis, an affiliate of Hyundai Motor Co, said the investment is to expand its business of shipping finished cars, and is planned to be completed by December 27, 2017.

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