Hyundai Motor Group and Robert Bosch GmbH - Sign memorandum of understanding to build next-generation powertrain and infotainment systems.
Establish Alliance to Develop New Vehicle Technology
The Hyundai Motor Group and Robert Bosch GmbH signed a memorandum of understanding (MOU) to develop vehicle powertrain electronic-control technology and infotainment systems.
The initial agreement was signed on Jan. 19 by Dr. Hyun-Soon Lee, Vice Chairman at Hyundai’s R&D Center and Dr. Bernd Bohr, Chairman of the Bosch automotive group at Hyundai’s headquarters in Seoul, Korea.
“The alliance between leading automotive brands Hyundai Motor Group and Robert Bosch GmbH means an exciting future for our infotainment systems and our powertrains – the heart of the vehicle,” Dr. Lee said.
The alliance aims to accelerate development of new powertrains and produce new IT products based on Hyundai technology and Bosch platforms.
Bosch has been a two-decade partner with Hyundai in engine development.
"Hyundai Motor Group and Robert Bosch GmbH signed a memorandum of understanding to develop vehicle powertrain electronic-control technology and infotainment systems. Dr. Hyun-Soon Lee, Vice Chairman at Hyundai’s R&D Center (center right) and Dr. Bernd Bohr, Chairman of the Bosch automotive group (center left), signed the initial agreement at Hyundai’s headquarters in Seoul, Korea on Jan. 19." About Hyundai Motor Group
Established in 1967, Hyundai Motor Co. has grown into the Hyundai Motor Group which has ranked as the world's fifth-largest automaker since 2007 and includes more than two dozen auto-related subsidiaries and affiliates. Hyundai Motor, which has six manufacturing bases outside of South Korea, sold approximately 3.6 million vehicles globally in 2010. Hyundai vehicles are sold in 186 countries through some 5,300 dealerships and showrooms. Further information about Hyundai Motor and its products is available at www.hyundai.com (http://www.hyundai.com/
). About Bosch Group
The Bosch Group is a leading global supplier of technology and services. In the areas of automotive and industrial technology, consumer goods, and building technology, some 280,000 associates generated sales of over 46 billion euros in fiscal 2009. The Bosch Group comprises Robert Bosch GmbH and its more than 300 subsidiaries and regional companies in over 60 countries. If its sales and service partners are included, then Bosch is represented in roughly 150 countries.
Further information about Bosch Group at www.bosch.com