Venezuela to begin assemblying Hyundai Cars in 2018

CARACAS: A Venezuelan auto assembly plant, MMC, hopes to restart output of Hyundai Motor Co vehicles by 2018 after a five-year halt due to a lack of dollars from the government to import parts, a company executive said in an interview.

Vehicle assembly has nearly ground to a halt in the crisis-stricken OPEC nation for lack of parts of assembly. MMC, which assembles and sells Hyundai and Mitsubishi Motors Corp vehicles in Venezuela, plans to sell imported autos in the coming months as it brings the factory back online.

Published in The Express Tribune, March 25^th, 2017.

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