A New Hyundai for Malaysia. Where Next for the Koreans?
News here that Hyundai - in collaboration with its Malaysian partner Hyundai-Sime Darby Motors - has launched its first locally built truck.Priced at RM98,825.40 ($28,612 / €21,449 / £14,577), the Inokom HD5000 is aimed at the five tonne market.Fair enough, we say, but what - if any - plans do the Korean OEMs have for the medium duty European market?
Iveco's Brazilian R&D Plans. Not for Tata - Yet.
The fog clears a bit with reference to Iveco's announcement that it is to open a new R&D facility in Brazil at the Fiat Sete Lagoas plant at a cost of some $15 million.This is Iveco's second major investment in Brazil this year. Back in January it announced plans to increase its share of the truck market to 10 per cent from the current level of 4.2 per cent, and committed an extra US$68 million to its Brazilian operations.Due to open by the end of May, the new centre will focus on the development of both a light and a heavy truck platform for the Latin American market. Sources at Iveco tell us that it has nothing to do with - at least for the moment - Tata.