Hyundai 2007 Annual Report Download - page 36

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RESEARCH & DEVELOPMENT
34
A Global Leader in Research and Development
Research and development, together with marketing knowledge, was
the driver behind the new i30 and i10. The i30 was an instant success
in both Korea and Europe, while the i10 was named Car of the Year in
India. The i10, first produced for Indian consumers, is now exported
to Europe, the Middle East and Latin America. Hyundai Motor
Company spent four years and 500 billion Korean Won to create the
Genesis luxury sedan. Building on the quality and style of top luxury
brands in the industry, the Genesis is already receiving rave reviews
from critics the world over.
One of our focuses in research and development over the past year
was to improve profit and cost competitiveness through a movement
called CI: Cost Innovation. An amazing amount of cost-reduction
proposals were submitted by our employees.
We are also investing in commercial vehicle development. Our
research labs recently developed a new line-up of medium to large
commercial diesel engines, placing the Hyundai Motor Company
brand at the forefront of commercial automobile technology and
design. These groundbreaking developments in commercial
technologies add to our already well established passenger class
diesel products.
1. Smart cruise control.
2. Adaptive headlamps.
3. 6-gear automatic transmission for
rear wheel drive vehicles.
4. 3.8/3.3 engine
1
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