Hyundai, Kia to invest $12.2 billion in 2012, expects sales to hit 7 million vehicles
Hyundai Motor Group, which consists of the Hyundai and Kia brands, has plans to invest a total of $12.2 billion research and development and facilities in 2012. The investment is a 15.6 percent increase from 2011. $4.4 billion of the investment will go into r&d efforts to “accelerate the development of eco-friendly and fuel-efficient vehicles,” [...]
