Hyundai-Kia to boost investments in green car, electronic control units

Chung Mong-Koo, Chairman and CEO of South Korea’s Hyundai-Kia Automotive Group said the group will pursue more aggressive investments this year to secure future growth engines. “The domestic and overseas markets will face turmoil this year due to the eurozone fiscal crisis and global economic recession. So we will enhance brand innovation by raising the quality of our vehicles,” Chung noted in s business report on the Kia Motor’s shareholders meeting Friday.

“The group will concentrate more on its investment in developing new growth engines,” added Chung. “More investment will be made to boost our R&D activities in the green cars and electronic control units.” Kia set its sales goal for this year at 2.75 million units, higher than last year’s 2.72 million units and will focus on sharpening its competitive edge.

For full article, see Maeil Business.

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