Future Business&Mgmt Plans

27 Apr 2006 07:00

Hyundai Motor Company27 April 2006 HYUNDAI MOTOR COMPANY (HMC) Corporate Disclosure to Korea Stock Exchange Disclosure Date : April 27, 2006Disclosure Title : Future Business and Management Plans 1. Type of plan : New Product Unveiling for HD(Avante) (a follow-up replacement to Avante XD) 2. Contents & Schedule 1) R&D Period : 24 months 2) total investment : KRW 123.8 billion 3) Product Concept : !degreesHigh-touch dynamic Sedan!+/- 4) Features : i) Application of new platform and installation of new technology Gamma engine. ii) A streamlined body and dynamic external & internal design. iii) Safe and comfortable options developed by the latest high technology 5) Planned sales launch in May 2006 6) Expected Effects i) Sales Target : Total 160,000 units in 2006 - Korea : 60,000 units - Overseas : 100,000 units ii) Long-term Target : 300,000 units per annum 3. Date of Press Release : April 27, 2006 4. Launching Information : - Launching on April 27, 2006 at Busan Motor Show in Korea 5. Others : - The above data are Hyundai Motor!s internal forecasts and targets and may besubject to change depending on external business circumstances and otherconditions. - For more information, please refer to the Hyundai Motor Company homepage(http://www.hyundai-motor.com). * Date of Related Disclosure (Korea Stock Exchange) : Future Business and Management Plans, April 14, 2006 This information is provided by RNS The company news service from the London Stock Exchange