Hyundai
Hyundai Rotem had previously supplied the authority with 20 trains.
Egypt and Korea discussed several fields of cooperation and promoted the huge projects and available investment opportunities in Egypt
Saudi Aramco is already the biggest shareholder in South Korea’s No.3 refiner, S-Oil Corp, with a 63.41 percent stake, and the latest deal should help Aramco boost crude oil sales to Hyundai Oilbank, the South’s smallest refiner by capacity.
Automakers have warned Russia’s plan to raise value added tax in 2019 would hit car sales, which have only just started to recover from four years of stagnation.
Hyundai sold 200 such models last year and expects to sell thousands this year, but Kim said profitability was still far off.
“We will closely monitor the situation under the U.S. probe and fully evaluate the possible impact and resolutely defend our own legitimate interests.”
Hyundai Motor had said last year it planned to launch a model there to catch up with a shift away from sedans.
The U.S. National Highway Traffic Safety Administration said it is opening a probe into why some air bags failed to deploy in Hyundai and Kia vehicles.
South Korea's new antitrust chief said he has been in talks with the autos-to-steel conglomerate Hyundai Motor Group about overhauling its complex.
German carmaker Volkswagen said on Wednesday it had won a deal to become the new mobility partner of the EURO 2020 soccer championship.
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