On November 29, 2012, the head of the Hyundai Commercial Vehicle Export Division, Vice President Young-Hoon Jung and chairman of the board from Turkish vehicle maker Karsan, nan KIRAC signed an agreement to jointly produce a new light commercial vehicle in Turkey for the European market.
This is the second major commercial vehicle production agreement following the agreement to establish a joint venture company with China's Sichuan Nanjun Automobile Group Co., Ltd.(Nanjun Auto) to establish a commercial vehicle production plant in China. The new joint ventures in Turkey and China will further strengthen Hyundai’s status as a global auto maker.
The new Hyundai model, to be produced at the new Karsan plant in Turkey, is expected to be a larger model than the Starex(12 seater) and the County bus (25 seater). The model will be offered in three configurations including passenger bus, cargo van and truck.