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Wednesday, July 11, 2007

HYUNDAI IS DOING BIG THINGS.



When you think Hyundai, most think of econobox practical cars made in Korea. But little do people know that they've made pianos and now they're getting into much bigger things. Think yachts.

With a number of contracts coming up for grabs in 2009, Hyundai is anticipated to put in some potentially lucrative bids to build gigantic cruise ships. With profit margins approaching $4,000 per ton – some of the latest ships top over 150,000 tons – and Korean companies increasingly dominating the ship-building industry, Hyundai could stand to make big bucks on nautical construction...more than enough to finance the development of new cars that could continue the company's upward climb in the market.

Source: NY Times

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