Hyundai Motor Group to fully acquire Chinese engine manufacturer

On April 24, several media reported that Hyundai Motor Group plans to acquire a 100% stake in Shandong Hyundai Wia Automobile Engine Co., Ltd. (Shandong Hyundai) from Rizhao Port Group Co., Ltd. (Rizhao Port Group) in China. The acquisition is scheduled to take place on July 31, 2020.
Shandong Hyundai is currently ow....

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