Hyundai's Bet on Compacts and Minis Pays Off Big
With oil prices at record levels, Korea's Hyundai Motor is benefiting hugely from its aggressive strategy to build up its small-car capacity. Since the beginning of last year Hyundai and its affiliate Kia Motors added a combined annual capacity of 1.2 million small vehicles in China, India, and Slovakia; Hyundai is due to launch a new plant in the Czech Republic next year to build another 300,000 cars a year.
