Turkish automaker Karsan in MoU talks with Hyundai
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Jan 18, 2011 - 12:00 am GMT+3
by Jan 18, 2011 12:00 am
Turkish auto company Karsan Automotive is in talks with Hyundai Motor Company on signing a memorandum of understanding in January for truck production, Karsan said on Tuesday.
Work was under way on signing an MoU to become the global producer and distributor in Turkey for Hyundai's new van, truck and minibuses, Karsan said.
Hyundai and Karsan signed two letters of intent for production and distribution in October and Karsan had announced it hoped to sign an MoU by January and a final deal by March.
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