Mr Yang told reporters China was ready to ''enhance'' dialogue with the US and ''expand... common ground''.

BBC: Asean talks: US and China pledge to co-operate on Asia

Hyundai's Woong-Chul Yang said the move was "imperative to secure long-term competitiveness" and to help "enhance our brand value".

BBC: Hyundai and Kia appoint Schreyer to group design role