29 May 2007 07:00
Hyundai Motor Company28 May 2007 HYUNDAI MOTOR COMPANY (HMC) Corporate Disclosure to Korea Stock Exchange Disclosure Date : May 28, 2007 Disclosure Title : Business and Management Plan * The below plan summary may be subject to change in the future 1. Type of plan : New Product Unveiling-Grand Starex(a follow-up replacement to Starex Commercial Van) 2. Features : - 174 horsepower, high performance VGT diesel engine that corresponds to Euro IV regulations - 5-speed automatic transmission - enhanced passenger comfortability / betterspace utilization 3. Start of Sales Launch : May 28, 2007 (Monday) 4. Estimated Investments : - Development Cost : Total KRW 222.9 billion - Development Period : 24 months 5. Sales Volume Target (Korea+Exports) : - 2007 : 48,000 units - 2008 : 100,000 units - Long Term : 115,000 units per annum 6. Press Release Date : May 25, 2007 7. Others : - The "Sales Volume Target" in #5 above may be subject to changedepending on business and market conditions. - For more information, please refer to the Hyundai Motor Companyhomepage at http://www.hyundai-motor.com This information is provided by RNS The company news service from the London Stock Exchange