Hyundai is currently building a new factory in the Czech Republic and production of Kia plants in the US and China is also underway, so there’s very little room for further investment.
Earlier reports suggested that Hyundai was already in the early stages of evaluating a bid for the Jaguar and Land Rover but according to the spokesman these were untrue. Either way, Hyundai and its Kia subsidiary is well on track to becoming the fifth-largest carmaker in the world by 2010, a goal it set for itself earlier in the decade.