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:


Login or Create new account to add a comment!


Mitsubishi is now officially part of the Renault-Nissan alliance after Nissan took over the Japanese car company recently. We know a lot has been happening in the car industry, but...
by - October 24, 2016
Driving the newest 2017 BMW 5-Series (G30), Clive Owen (Closer, Children of Men) returns to his role as “The Driver”. In this latest installment, what initially starts as a simple...
by - October 24, 2016
Many had wished that a Lamborghini Huracán Superleggera would somehow make a surprise debut at the recently held Paris Motor Show. Sadly, not a single Lamborghini appeared anywhere in sight....
by - October 24, 2016
Aston Martin and Red Bull Racing teamed up for the first time in creating what looks like one of the most ferocious beasts in history. The British car manufacturer has...
by - October 24, 2016
German premium carmaker Audi is reportedly planning to buy back around 25,000 Audi Q7 SUVs powered by its 3.0-liter V6 TDI engine in the United States. The buyback should compensate...
by - October 24, 2016