|ㆍ Joint development and manufacture of a family of four cylinder gasoline engines between DaimlerChrysler, Hyundai Motor and Mitsubishi Motors Corporation (the `World Engine Project`)
ㆍ Distribution of Hyundai Motor`s Atos and Verna (Accent) passenger car models into the Mexican market through DaimlerChrysler`s affiliate
ㆍ Joint procurement activities
ㆍ Supply by DaimlerChrysler of medium duty engines (OM906) to Hyundai Motor for medium buses
ㆍ Termination of the Commercial Vehicle Engine Joint Venture Plant and Commercial Vehicle Joint Venture,
=> HMC to purchase DaimlerChryler AG`s 50% stake in Daimler
Hyundai Truck Corporation, the Engine Joint Venture Plant.
* Reference : Announcement made on May 12, 2004 `Equity
Investment in Major Shareholder`
ㆍ Settlement amount for the termination of the CVJV :
* The announcement made on Feb 15, 2003 `Disosal of
equity in other corporation` has been cancelled.
Reason for realignment :
Since commencement of the strategic alliance in September 2000, there have been significant changes in the global commercial vehicle and automotive markets, which have resulted in a re-prioritization of both companies` respective strategic objectives. To better address these conditions, the companies determined it was mutually beneficial to realign the alliance in order to reflect more realistically current market conditions. The companies expect that these measures will better position the strategic alliance to deliver value and to pursue additional projects going forward.