Hyundai to Spend $30 Million in R&D for Flex-Fuel Cars in Brazil

Hyundai Motor Co. started building a research and development center in Brazil with to develop motors with so-called flex fuel technology, which can use either gasoline or ethanol.

The company will spend 100 million reais ($30 million) to build the center at its plant in Piracicaba, in Sao Paulo state, Brazil’s agency to promote exports and investment, known an Apex-Brasil, said.

The center will be the company’s fifth in the world and is expected to be ready in 2017, Apex, which is a partner in the project, said.

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