Hyundai Motor Group names new chief for mobility division By Reuters

<iframe src=”//rcm-na.amazon-adsystem.com/e/cm?o=1&p=22&l=ur1&category=homegarden&banner=02NMTC702K4D0VHE1SR2&f=ifr&linkID=17e0b4ac3a719000706e772761d8ae0e&t=forexz-20&tracking_id=forexz-20″ width=”250″ height=”250″ scrolling=”no” border=”0″ marginwidth=”0″ style=”border:none;” frameborder=”0″></iframe>

© Reuters. FILE PHOTO: Car manufacturers display their wares on the show floor of the North American International Auto Show in Detroit

SEOUL (Reuters) – Hyundai Motor Group said on Friday it has formed a new mobility division to launch more service models and named an outsider as its chief following his tenure with global tech giants such as Apple Inc (NASDAQ:) and Microsoft (NASDAQ:).

Song Chang-hyeon will lead the newly established Transportation-as-a-Service (TaaS) division, which will oversee mobility business for Hyundai Motor Co and Kia Corp, the parent company said in a statement.

Besides working as an engineer with Apple and Microsoft, Song was the chief technology officer at South Korea’s dominant web portal Naver, and also founded an autonomous transportation service startup, 42dot, which had Hyundai Motor and Kia as its early investors, according to the website.

With the new division, Hyundai Motor and Kia plan to increase alliances and cooperation with mobility companies around the globe, as the South Korean automaker group pledged to “break the paradigm of the traditional automotive industry” and turn itself from a manufacturer into a broader mobility service provider.

Hyundai Motor Group plans to streamline existing mobility services, introduce new services based on user data and explore business opportunities, the statement said.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Be the first to comment

Leave a Reply

Your email address will not be published.


*


− 1 = 4