Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Hyundai quality from extreme testing

25 October 2005
Immediate release

Hyundai quality from extreme testing

Hyundai’s drive for quality is going to extremes to develop and test vehicle components.

Hyundai parts company Mobis is building a test-drive centre deep in the Arctic in Sweden to examine the quality of components during the winter season.

The centre, which will include various test courses, will be built on a frozen lake in Arjeplog, about 100 km from the North Pole. It will open this December.

”Our products will be tested in various bitterly-cold conditions,” commented a South Korean company official. ”The centre is in line with our ambition to produce the world’s best braking and module systems.

Hyundai’s existing research centers in South Korea, Europe and North America will share information with the Arctic operation to develop and improve technologies.

Hyundai has also announced it is about to spend one billion Euro (approx NZ$2 billion) on a new plant to be built, probably in the Czech Republic, for production of 300,000 vehicles a year from 2008.

And Hyundai will use Slovakia as a strategic export and production base to bolster its presence in the European market.

After North America, Europe is Hyundai’s second largest market with sales expected to reach 420,000 units this year. Hyundai forecasts European sales of 520,000 units in 2006 and 580,000 units in 2007.

The firm also plans to build a test centre in China and another is under construction in Sosan, in Korea’s South Chungchong Province. A focus is the development of highest quality chassis modules and safety systems.

The company is seeking to more than treble global sales of braking systems to 1 trillion won a year by 2010.

Hyundai’s reputation for quality vehicles is fast expanding, evidenced by numerous international awards from companies such as J.D Power and Associates. Here in New Zealand the all-new Sonata mid-sized sedan has just been named National Business Review car of the year.


ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Elsewhere:


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>