Hyundai Plans $40 Billion in Spending as Car Industry Transforms
Hyundai Motor Co. Santa Fe sport utility vehicles (SUV) stand on display during a launch event in Goyang, South Korea. (Photographer: SeongJoon Cho/Bloomberg)

Hyundai Plans $40 Billion in Spending as Car Industry Transforms

(Bloomberg) -- Hyundai Motor Co. joined automakers pledging massive spending in the years ahead to address the industry’s transformation and fend off new competition from the likes of Tesla Inc.
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