Hyundai-Kia names Kim Hae-jin as new chief of joint research and development division

Article by Anita Panait, on January 2, 2014

Hyundai Motor Co. and Kia Motors Corp. have appointed Kim Hae-jin as the new president of their joint research and development division. The appointment came a month after previous chief Kwon Moon-shik resigned to take responsibility for a series of quality issues.  Kim was chief of the development of engines and transmission and was previously in charge of r&d quality control.

Quality issues, particularly potential glitches in brake switches, have caused Hyundai and Kia -- share parts and platforms – to recall almost 1.7 million vehicles in the United States in April 2013. The South Korean carmakers also recalled another 600,000 vehicles in their home turf in September due to the same issues. 

The appointment "is aimed at solidifying our quality management," Hyundai Motor Group said in a statement. Market watchers say that Kim will need to speed up efforts to expand the companies' range of fuel-efficient diesel and hybrid engines to fend off imports in South Korea.

Hyundai is getting ready to commence sales of its hydrogen-fueled Tucson crossover in 2014 in the United States, where Japanese rival Nissan Motor Co. has been selling battery-powered electric cars. "Hyundai has been a market follower, and has brought their technology to the levels of overseas rivals. But this is not enough," Cho Chul, a researcher at the Korea Institute for Industrial Economics & Trade, told Reuters.

He remarked that Hyundai needs to become a trend-setter, on which r&d plays a crucial role. He added that Hyundai needs to boost its r&d budget. Hyundai spent KRW1.63 trillion ($1.54 billion) on r&d in 2012, equivalent to just 1.9 percent of revenue.  In contrast, BMW AG spent EUR3.99 billion ($5.47 billion), or 5.2 percent of revenue. [source: Hyundai]

Topics: hyundai, kia

If you liked the article, share on:

Comments

Recommended

Honda will be displaying the electrically assisted CUV in their showrooms later this year. This has been confirmed in China at least. Fresh from its debut at the 2017 Shanghai...
by - April 24, 2017
Ferrari surprised everyone at the 2016 Paris Motor Show last month by unveiling five special liveries. There was plenty of excitement when they heard that these liveries will be up...
by - April 24, 2017
The BMW M model, as of today, offers their buyers two transmission options: either a six-speed manual or a seven speed dual-clutch automatic. But rumours have been circulating that these...
by - April 24, 2017
Not so long ago, the 2018 Genesis G80 Sport made its debut at the 2016 LA Auto Show. But at that time, it did not have a price yet. And...
by - April 23, 2017
It seems like an increase in price has become a trend for automotive companies lately. Genesis isn’t alone when it comes to this. Subaru had just announced that the 2018...
by - April 23, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries