Publication Date:
Sat, 2011-02-26 03:44
Hyundai Motor says in a statement that production at its $600 million plant in the city of Piracicaba will begin in the second half of 2012 and will eventually reach a capacity of 150,000 units a year.
The ground breaking ceremony took place on Friday.
The statement says that the first model to be produced will be a small hatchback designed for the Central and South American markets.
All cars will be flex-fuel models that can run on ethanol, gasoline or any combination of the two.
Hyundai has plants in China, India, Turkey, the US, the Czech Republic and Russia.
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