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| Contributor | Liberal |
| Last Edited | Liberal Mar 09, 2004 11:47am |
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| Category | News |
| News Date | Tuesday, March 9, 2004 06:00:00 AM UTC0:0 |
| Description | AFTER months of tense anticipation, Slovakia received word from the Geneva car fair that the South Korean car colossus would build its new plant in Žilina, the country's offered site for the €700 million investment in central Europe.
Hyundai's Kia Motors, which chose Slovakia over Poland on March 2, became the third global automotive firm, following Germany's Volkswagen and France's PSA Peugeot-Citroen, to take up residence in Slovakia.
Volkswagen picked Slovakia in the early 1990s, and PSA Peugeot-Citroen added a huge brick to Slovakia's car empire when it chose the southwestern city of Trnava as the site for its new plant, which is to roll out 300,000 cars annually.
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