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Hyundai Motor Group has vowed to invest $1.1 billion in Brazil as Chung Euisun, the head of the South Korean auto conglomerate, and Brazilian President Luiz Inacio Lula da Silva met at the latter’s presidential office in the capital city of Brasilia on Thursday, officials announced Friday. Chung said Hyundai Motor Company’s Brazilian office and its local partners will plow the investment into future techn.

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