Hyundai Mobis Co., South Korea's largest auto parts maker and an affiliate of Hyundai Motor Co., said Friday it will invest about 450 billion won (US$417.8 million) to build a core parts producing plant in Mexico
Under a memorandum of understanding signed with the Mexican state government of Nuevo Leon on Thursday, Hyundai Mobis will build a factory there by the end of 2016, the company said in a news release.