Advertisement

MONDAY BUSINESS | BRIEFLY / AUTOMOBILES

Hyundai Wins Auction for South Korea's Kia

October 19, 1998|Bloomberg News

Hyundai Motor Co., South Korea's biggest auto maker, won an auction for insolvent Kia Motors Corp., offering the highest bid among four candidates, Kia said. An unnamed Hyundai official said the company asked creditors to write off more than $5.3 billion of Kia debt.

Advertisement
Los Angeles Times Articles
|
|
|