1. Type of plan : New Product Unveiling for CM (a follow-up replacement to Santafe)
2. Objective of plan : Development and sales of a new model
3. Launching Information :
- Launching on November 22, 2005 at Grand Hyatt Hotel Seoul,Korea
- R&D Period : 26 months
4. Estimated total investment : KRW 162.3 billion
5. Contents :
- Planned sales start date for November 23, 2005
- Plan to hold Department store exhibition, test driving and launching events on a national scale for the CM new product.
-Plan to hold a new Santafe digital photo contest.
- Product Concept : “Premium Stylish SUV leading the Global Trend”
- Model Description :
1) Stylish and luxury design
2) The next generation of in-house developed VGT engine and 5 speed automatic transmission.
3) 100% new mid-large SUV segment platform
4) Advanced safety and accommodation devices
5) Maximum interior space through optimum packaging
6. Expected Effects
- Sales Target : Total 210,000 units per year
- Korea : 60,000 units
- Export : 150,000 units
7. Press Release Date: November 22, 2005
8. Others :
- The “Expected effect” in #6 above may be subject to change depending on external business circumstances and other conditions.
- For more information, please refer to the Hyundai Motor Company homepage (http://www.hyundai-motor.com