Hyundai secures jeep deal

PUBLISHED : Tuesday, 06 May, 1997, 12:00am
UPDATED : Tuesday, 06 May, 1997, 12:00am

South Korea's Hyundai Precision Industries Co is to sell jeeps to China, under a contract with a provincial firm in Shandong.

At least 200 Galloper V-6 jeeps would be exported this year, rising to 3,000 next year and 20,000 in 1999, Yonhap News Agency reported. The report said the deal capped a separate agreement last month to ship 500 Gallopers to China before the end of 1997.