Hyundai Motor says to invest $52 billion over six years

Hyundai Motor says to invest $52 billion over six years
FILE PHOTO: The logo of Hyundai Motors is seen on a steering wheel of a all-new Sonata sedan on display at the company's headquarters in Seoul, South Korea, March 22, 2019. REUTERS/Kim Hong-Ji -
KIM HONG-JI(Reuters)
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SEOUL (Reuters) – Hyundai Motor <005380.KS> said on Wednesday it planned to invest about 61.1 trillion won (£40.38 billion) between 2020 and 2025.

Of the total, the South Korean company will spend about 20 trillion won on future technologies such as autonomous vehicles, it said in a regulatory filing.

(Reporting by Ju-min Park and Choonsik Yoo; Editing by Kim Coghill)

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