South Korea's Hyundai Motor may raise stake in China truck JV

South Korea's Hyundai Motor may raise stake in China truck JV

A ship sits under construction in a dry dock at the Hyundai Heavy Industries Co. shipyard in Ulsan, South Korea, on Sunday, April 23, 2017. Photographer: SeongJoon Cho/Bloomberg

Hyundai Motor said on Tuesday it was considering raising its stake in its underperforming truck joint venture in China, potentially joining other foreign automakers in boosting ownership in the world’s biggest car market.

Sichuan Hyundai Motor is Hyundai‘s only commercial car venture in China that makes cargo trucks and buses.

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