South Korea’s Hyundai Glovis has landed a five-year transport contract valued at $432m from the Volkswagen Group to ferry finished cars from ports in Germany and England to China.
The contract with the German carmaker includes transporting Audi, Volkswagen, Porsche and Bentley-branded vehicles.
A Hyundai Glovis executive said the announcement of the contract became effective early this year and will expire in December 2024, although it was just announced.
