Saturday, August 21, 2010

Haile Gebrselassie to set up Hyundai assembly plant in Ethiopia

Ethiopian long distance running legend, Haile Gebrselassie is to set up Hyundai assembly plant in Ethiopia, Addis Ababa based Reporter said. According to the report, Haile has been importing the South Korean made cars to Ethiopia for over a year and has now prepared to open Ethiopia's first assembly plan for Hyundai motorcars.

Marathon Motors Engineering, a joint venture company co-founded by Haile with a 10 million birr capital, is building a seven-storey structure that will house the showroom and spare parts facility in Addis.

It is not known when the assembly plant will start rolling out its first cars.

Marathon Motors will join Holland Car Plc, Ethiopia's first automobile assembly plant, in the nascent industry in the country.
 
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