Hyundai gets new contract

Tue, 06 May 1997 | Source: AFP

SEOUL (AFP): South Korea's Hyundai Precision Industries Co. has concluded a contract to sell jeeps to China, Yonhap News Agency reported yesterday.

Under the contract with a provincial firm in Shandong, 200 Galloper V-6 jeeps will be exported this year, with the number rising to 3,000 next year and 20,000 in 1999, the agency said.

Company officials were not available here Monday, a public holiday, for comment on the report which said the deal capped a separate agreement last month to ship 500 Gallopers to China before the end of 1997.

View JSON | Print