Arab Today, arab today kia motors head vows to boost spending on ecofriendly cars
Last Updated : GMT 04:03:57
Arab Today, arab today
Arab Today, arab today

Kia Motors head vows to boost spending on eco-friendly cars

Arab Today, arab today

Arab Today, arab today Kia Motors head vows to boost spending on eco-friendly cars

Seoul - Yonhap

Hyundai Motor Group Chairman Chung Mong-koo, who also heads Kia Motors, vowed Friday to expand investment in eco-friendly vehicles as part of his efforts to boost technology amid the global competition to make zero-emission cars.  \"I plan to further expand investment to obtain future growth engines,\" Chung said in an annual general meeting of shareholders of Kia Motors Corp. at the company\'s headquarters in southern Seoul. \"I will make utmost efforts to secure technological competitiveness by increasing investment in research and development of eco-friendly cars and electronic control systems.\" As chairman of Kia Motors, Chung is in charge of South Korea\'s second-largest carmaker, which is a smaller sister company of the country\'s largest automaker Hyundai Motor Co. Hyundai Motor forms the world\'s fifth-largest automaker together with Kia Motors. Still, Chung did not elaborate on how much he will expand spending on research and development of eco-friendly cars and electronic control systems. In 2010, Kia said it would churn out 2,000 units of the Ray, an electric-powered vehicle, for use by government agencies and public corporations, by 2012. Chung\'s comments came weeks after Hyundai began assembly-line production of ix35 hydrogen fuel cell sport utility vehicles. Hyundai Motor has claimed it is at least two years ahead of its competitors, including Daimler-Benz and General Motors, in indigenous technology and know-how for making hydrogen fuel-cell cars. Hyundai Motor has said it plans to build 1,000 units of the zero-emission vehicles by 2015 for lease to public and private fleets, primarily in Europe. A fuel-cell car emits only water vapor as it converts the stored hydrogen into electricity, which turns the vehicle\'s motor, a technological advance that could eventually reduce the heavy reliance on internal combustion engines that produce greenhouse gases largely responsible for global warming. Chung also said he will step up efforts to raise Kia\'s brand value in domestic and foreign markets. Last year, Kia ranked 87th with a brand value of US$4.09 billion in the Best Global Brands, which was released by the international branding consultancy firm Interbrand Corp. It was the first time for the carmaker to move into the top 100 in brand value. Hyundai ranked 53rd with a brand value of US$7.5 billion and finished ahead of other global carmaking brands, including Audi, Porsche and Nissan. Kia set a sales target of 2.75 million cars this year, compared with 2.72 million units sold in 2012.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today kia motors head vows to boost spending on ecofriendly cars Arab Today, arab today kia motors head vows to boost spending on ecofriendly cars

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today kia motors head vows to boost spending on ecofriendly cars Arab Today, arab today kia motors head vows to boost spending on ecofriendly cars

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Barcelona through George Orwell’s eyes

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Tillerson heads to Gulf, downbeat

GMT 09:23 2017 Friday ,20 October

Tillerson heads to Gulf, downbeat
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Actress Shery Adel happy for Egypt’s qualification

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:43 2017 Wednesday ,18 October

Fake dentists ply brisk trade

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday