/ 6 June 2000

HYUNDAI SA GETS COMPETITIONS GO-AHEAD

THE Competitions Board has give Hyundai South Africa the go-ahead to sell vehicles repossessed by banks earlier this year from the brand’s previous owner, Hyundai Motor Distributors. The company’s managing director, Alan Ross, said it can now sell vehicles taken over by banks in the liquidation process. Hyundai SA has opened 35 dealerships nationwide over the last two months. Thousands of Hyndai owners were left stranded when Hyundai Motor Distributors went into liquidation in January.