Step on it

Article Abstract:

Hyundai Motors has introduced the first sports car designed and built in South Korea. Named 'Tiburon', the Spanish word for 'shark', the four seater sport coupe features a 150 hp, 2-liter engine and is priced at 13.5 million South Korean won. Kia Motors plans to introduce another South Korean-made sports model called the Elan II in Jun 1996. This two-seater convertible is based on a design from Lotus of the UK. Both Hyundai and Kia hope that the new sports models will improve their ratings in overseas markets.

Economic aspects, Product introduction, Hyundai Motor Company Ltd., 9SO

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Goliath vs. Goliath: South Korea's leading chaebols fight over Kia

Article Abstract:

The Kia Group of South Korea, the country's third largest car maker, was placed under the protection of its creditors in July to give it time to settle its rising bills. There are rumours that Hyundai and Daewoo have linked to help out, by taking equal stakes in Kia Steel, and the have also been buying Kia Motors shares. There could also be a challenge from Samsung Motors, whose acquisition of Kia could provide a quick solution to plans for multiple models, parts suppliers and nationwide dealers.

Mergers, acquisitions and divestments, Daewoo Corp.

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Kia's suitors

Article Abstract:

Hyundai has become the latest company to show interest in Kia Motors, the second-largest car manufacturer in South Korea. In doing so, it has become a rival to Samsung Motors, which believes that a merger with Kia Motors would be very beneficial as it seeks to launch its first cars in spring 1998. Kia's shares are currently undervalued, and this could mean that the purchase by Hyundai Securities of 571,000 Kia shares in Jun 1997 is merely an investment.

Investments, Securities

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