Showing posts with label investments. Show all posts
Showing posts with label investments. Show all posts

Hyundai to invest $ 150 Million in it's US HQ

Hyundai Motor Co., Korean car maker announces plan to invest $ 150 million to expand its North American headquarters in California

The current buildings in the in Fountain Valley are going to get a boost, other complex will also be constructed. This expansion makes to double the capacity of employees from 700 to 1,400, according to a statement.

"The new building will give us the flexibility to grow with our brand, reflect our modern design sensibility, and showcase our commitment to sustainability,” said John Krafcik, CEO of Hyundai Motor America, in the statement.

Hyundai said its investment will create about 1,500 new construction jobs and provide Orange County with $273 million in total economic output.

Bill Gates and Vindo Khosla Invest $23.5 Million in EcoMotors

The Billionaire seem to love to Invest on Green Projects. EcoMotors International has received $23.5 million from Microsoft Corp. Chairman Bill Gates and investor Vinod Khosla for engineering and testing of its trademarked Opoc engine technology.

EcoMotors said in a statement today that the investment marks a key advance in commercializing its opposed piston-opposed cylinder engine. The engine maker plans to use the funds for completing testing and building demonstration units.

Further details about the funding have not been disclosed.
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