Final talks are underway with South Korean carmaker Hyundai on a proposed $1.2 billion dollar plant

Final talks with the South Korean automaker Hyundai over the location of its new car plant should be completed on Thursday. A Hyundai delegation arrived in the Czech Republic at the weekend. Baring last-minute surprises, the carmaker is expected to build its new 1.2 billion dollar plant in Ostrava. The main topic of discussion is what investment incentives the Czech government is willing to extend to parts suppliers for Hyundai. The Czech Minister of Industry and Trade, Milan Urban, has said the deal could be officially sealed by mid February.