Hyundai introduces Matrix, says Turkey a gateway to Europe
Posted by meb at April 28th, 2007
South Korean auto producer Hyundai introduced its new Matrix model to the markets in a ceremony yesterday in İzmit.
Hyundai Motor Company’s Chairman and CEO Mong Koo Chung said at the event that 2007 was the 50th anniversary of the eternal friendship between Turkey and S. Korea and the 10th anniversary of the establishment of a factory in Turkey. He said Hyundai Turkey was the gateway for the company’s access to European markets. The factory in Turkey marked a major milestone for the company’s overseas investments, said Mong, adding, “The Turkish factory will produce the new Matrix model — which has strategic importance to the company - in addition to the existing Accent and Starex models.” Chung said that with their new investment, they had created an additional 500 jobs and that the total number of employees in country would reach 2,500. He also said he was expecting the support of Turkish investors to increase this collaboration and elevate it to even brighter heights. Hyundai-Assan Chairman Ali Kibar said they were planning to manufacture 40,000 Matrix cars this year and export 95 percent of them.
source: Today’s Zaman
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