“The Czech Republic is becoming an economic centre for middle Europe and is considered to be the ideal candidate site,” said Hyundai Motor chairman Chung Mong-Koo.

The new plant is likely to be built in Ostrava, a city about 230 kilometres east of the capital Prague. It will have an annual production capacity of 300,000 vehicles and Hyundai aims to start production in 2008, the company said.


Easyjet plans new European hub:


UK-based low-cost airline Easyjet plans to open a new European hub in 2006, and is reported to be considering France, Italy and Germany. The company is in talks with Lyon and Marseille, and with cities in Italy and Germany.

Goodyear launches Dunlop plant in Nigeria:


Dunlop Nigeria, a subsidiary of the Ohio-based Goodyear Tire & Rubber Company, has disclosed that it invested an estimated sum of NGN6.5bn ($50m) in the procurement of a new radial technology plant with a view to further boosting the production of tyres for heavy duty vehicles.

Gestamp expands in Michigan:


Spanish-owned Gestamp Automotive will expand its existing stamping operations in Lapeer, Michigan. The US state will provide a $300,000 grant, with the project expected to create 40 new jobs and generate $784,430 in private investment.



Renault starts assembly in Colombia:


French car manufacturer Renault has started assembling the compact Dacia Logan model in Colombia, using mainly Romanian-made parts, following a €23m investment.