[Korea financial newspaper stand hyomun News] "The Russian car market is a place you can never give up. Global car makers market withdrawal of the recession, but then I HMC to share. "- June of last year, Chung Mong-koo, chairman of Hyundai Motor Group.
Chung Mong-koo does this through endurance of the Hyundai Motor Group Chairman (photo). But other global manufacturers to abandon the Russian market, it moves like a global manufacturer of Chung who continue to invest are turning back to Russia.
22 days, the Russian government announced that the German car company Daimler to open a factory that can produce the Mercedes-Benz passenger car and SUV of the year about 20 000 near Moscow. Investment of 150 billion rubles (USD 298.5 billion won), said scale contract period is nine years. 2019 Start of production is coming.
Such investment is interpreted as due to the rapid growth recently recorded Russian market. Some observers are coming out the prospect that Russia is out of the long recession. Future observations will overtake Germany also occupy the top European car market.
It also reduced the value of the Russian ruble fell to the cost of local production of automotive manufacturers are also an advantage. Mexico batdeon assessment of past production base in the emerging global car manufacturers have the appearance that attracted attention in Russia is another emerging base of a tumble after US President to Donald Trump appeared gyereuk.
Among the endurance of the Hyundai-Kia Automotive Group Chairman Chung Mong-koo, the Russian market is attracting attention again. Chung 'should not give up when you release the strap, whilst for the Russian market, he said. He "had a market maker withdrew several manufacturers according to Russia's economic slump Hyundai should focus on the future value of the investment report," he has emphasized, "Let's make Russia a new global hub."
Currently Hyundai is in accordance with the Russian recession and record sales are stagnant state. Russia last year, Hyundai Motor factory sales decreased 9.6% compared to 207 000 last year-many.
He nevertheless continued to Chung Russian investment this year, as the Russian market is expected to recover in Crete preceded the Genesis, seems to unfold the wings of the resurrection.
Hyundai Motor official said, "lasted thereby laying a springboard to the future price rise crisis, investing," "Last year was difficult for the Russian market, but has constantly invested," he said.
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