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Thursday 17 September, 2009

Hyundai Motor Co

Business and Management Plan

RNS Number : 2113Z
Hyundai Motor Company
17 September 2009
 



HYUNDAI MOTOR COMPANY (HMC)

Corporate Disclosure to Korea Exchange



Disclosure Date     :  September 17, 2009

Disclosure Title     Business and Management Plan


The below plan summary may be subject to change based on

future circumstances

 

1. Type of plan : New Product Unveiling - YF Sonata

 

2. Project Details and Schedule


(1) Purpose : Development and Sales of New Model


(2) Features : 

 - Application of Six Speed Automatic Transmission

 - Mounted with 2.0 Theta II MPi Engine

 - Application of Hill-start Assist Control, Brake

Assis System3-Piece Panorama Sunroof, etc

 

(3) Estimated Investments :

 - Development Cost : Total KRW 450 Billion 

 - Development Period : 4 years

 

(4) Anticipated Effect (Sales Volume Target) 

 - 2009 : 60,000 units (Korea)

 - From 2011 : 450,000 units (Korea / Overseas)

 

3Date of Decision : September 17, 2009

 

4. Others : 

 - The 'Sales Volume Target' in #2-(4) above may be subject to 
   change depending on business and market conditions.

 - The above date of decision in #3 is the date of 
   media 
announcement of new car launching.

 - For more information, please refer to the Hyundai Motor 
   Company homepage at 
http://www.hyundai.com 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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