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Hyundai Rotem s commuter train shipped to Taiwan
The Hyundai Motor Group is in the final stages of talks to sell the loss-making rolling stock division of Hyundai Rotem Co. to Germany s Siemens AG which is seeking to gain a foothold in Asia.
Both Hyundai and Siemens had entered negotiations early last year on the rolling stock business carve-out, but have yet to fine-tune the terms and details, according to investment banking sources on Apr. 20.
Hyundai Motor is the top shareholder of Rotem with a 33.8% stake valued at around 1 trillion won ($900 million), including a management premium. The South Korean carmaker s planning and coordination division is spearheading the negotiations. The National Pension Service is Rotem s No.2 shareholder with a 5% stake.
Kia at IDEX 2021 Defence exhibition
• Kia displays Light Tactical Cargo Truck and Bare Chassis concepts at the IDEX defence exhibition in the UAE.
• The company says the unique design is optimised for military use offering superior mobility, durability and functionality.
•The modular platform can underpin mobile workshops, communication hubs and troop and cargo-carrying capabilities.
Kia has been supplying its light tactical vehicles to the South Korean army since 2016, becoming the standard-bearer for vehicle quality in the country s military operation system.
The new four-seater Light Tactical Cargo Truck concept displayed at Idex adopts a bold, commanding design. It has been equipped with a cargo container for transporting troops alongside diverse armoury.
Kia showcases new defence vehicle
DUBAI, February 21, 2021 Kia Corporation has showcased two light tactical defence vehicle concepts at the 2021 International Defence Exhibition & Conference (Idex) in the UAE. Kia has been supplying its light tactical vehicles to the South Korean army since 2016, becoming the standard-bearer for vehicle quality in the country’s military operation system. The new four-seater Light Tactical Cargo Truck concept displayed at Idex adopts a bold, commanding design and has been equipped with a cargo container for transporting troops alongside diverse armoury. Kia expects the added visual appeal and usability to stimulate further demand for its military vehicles.
( MENAFN - Dubai PR Network - )Kia displays Light Tactical Cargo Truck and Bare Chassis concepts at the IDEX defense exhibition in the UAE
- Unique design optimized for military use offering superior mobility, durability and functionality
- Modular platform can underpin mobile workshops, communication hubs and troop and cargo carrying capabilities
- Four-wheel drive, independent suspension and run-flat tyres ensures enhanced usability in harsh environments
Dubai, United Arab Emirates, February 21, 2021: Kia Corporation has showcased two light tactical defense vehicle concepts at the 2021 International Defense Exhibition & Conference (IDEX) in the UAE, the largest international defense exhibition in the Middle East and Africa.