1. Type of plan : New Product Unveiling for UNIVERSE
i) Period of R&D : 3 Years
ii) Total R&D expense : KRW 90,000,000,000
iii) Product Features :
- The large-scale luxury bus developed in-House
using HMC’s own technology.
iv )After the press release, UNIVERSE is expect to sell.
v) Expected effects(Target) :
1) Target to sell 21,000 units until 2010
(Domestic: 10,000 units / Export : 11,000 units)
2) To expand domestic market (Korea) and to penetrate overseas market of large-sacle Bus.
3. Date of news release : November 09, 2006
4. Decision Date (BOD Resolution Date): November 09, 2006
5. Others :
- The “Expected effects” in #2 above data may be subject to change depending on external business circumstances and other conditions.
- The “Decision Date” in the #4 is the date of press release.
- For more information, please refer to the Hyundai Motor Company homepage (http://www.hyundai-motor.com).