Hyundai M.gds O Regulatory News (HYUO)

12 Oct 2006 09:26

Hyundai Motor Company12 October 2006 HYUNDAI MOTOR COMPANY (HMC) Corporate Disclosure to Korea Stock Exchange Disclosure Date : October 12, 2006 Disclosure Title : Future Business and Management Plans 1. Type of plan : New Product Unveiling for "The LUV Veracruz" 2. Contents & Schedule 1) R&D Period : 26 months 2) total investment : KRW 222.9 billion 3) Features : To install V6 3.0 Passenger diesel engine developed in-House using HMC's own technology. 4) Date of sales - Korea: October 13, 2006 - Overseas: October 2006 (North America: December 2006) 5) Expected Effects (target) - 5,000 units in 2006 - Year 2007 target Korea : 20,000 units / Export : 65,000 units - Year 2010 target Korea : 24,000 units / Export : 76,000 units 3. Date of Press Release : October 12, 2006 4. Launching Information : - Launching on October 12, 2006 at Seoul Walkerhill Hotel in Korea 5. Others : - The above targets in the #2 may be subject to change depending on external business circumstances and other conditions. - The "Date of Press Release" in the #3 is the date of press release. - For more information, please refer to the Hyundai Motor Company homepage (http://www.hyundai-motor.com). This information is provided by RNS The company news service from the London Stock Exchange