Back in May, we read several reports that the Hyundai/Kia group had signed a €80M partnership with Rimac, the developer of prototype electric sports cars. It wasn’t just a partnership agreement that was signed. What they did sign was an investment agreement, a stake in the company that goes far further than simply signing a partnership agreement to develop a new car. Even … [Read more...]
The Korean Australian Car
In a recent interview, Casey Hyun, the creative design manager for Hyundai, has stated that the Korean manufacturer is planning to build an Australian car. This suggests that the industry has come full circle! In the early years, manufacturers would ship cars from their local factories to all points globally and when sales got big enough, they would open up an assembly plant … [Read more...]