Automotive News reports BMW and Hyundai are currently engaged in talks that may lead to the two companies partnering on engine development. A German industry newsletter reported that Hyundai Chairman Chung Mong-koo's son, Chugn Eui-sun, recently met with a small group of BMW executives in Munich, and that the move would likely help the two manufacturers offset the heavy costs of engineering a new engine group.
Though Toyota already has a presence in South Africa, the automaker is eyeing the last untapped market in the world: The African continent. Automotive News reports Toyota patriarch Shochiro Toyoda gave his son, current president Aki... Read Post
Hyundai Motor Group promotes three up-and-comers in their early 50s to the rank of executive vice president with an eye towards a future to be lead by the chairman's son and heir apparent. Continue reading Hyundai promoting younger ... Read Post