Post by hjr on Mar 12, 2005 16:40:25 GMT -5
from edmunds town hall forums(and there are a few others sites with this info out there)...
I DELETED THE USERS NAME WHO POSTED THIS.
February 02, 2005 ¤Ñ Hyundai Motor's rapid progress in the international automobile industry is grabbing the attention of global carmakers, especially Toyota Motor, which recently asked the Korean company to exchange vital technology.
According to a Hyundai Motor official, a high-level executive from Toyota late last year sent a letter suggesting that Toyota allow Hyundai staff full access to its plant in Nagoya, in exchange for Hyundai allowing Toyota people access to its plant in Ulsan. The letter added that both companies could learn from each other.
Although it was an opportunity to learn the technologies of a world-class automobile manufacturer, Hyundai chairman Chung Mong-koo refused the offer from Toyota after thorough consideration.
"All we know is that our chairman refused to accept the offer as there was no urgent need," said a Hyundai Motor public relations official.
Toyota still remains one of the leading international automakers, ranking second in world sales, after General Motors, last year. The automaker recently announced that 2004 sales were up 10.9 percent to 7.52 million units.
Hyundai has had significant success in upgrading its brand and quality control. In 2001, Hyundai ranked 32nd in a quality survey undertaken by J.D. Power and Associates, a product and consumer research company. Last year, it vaulted into seventh place.
Toyota, which ranked sixth in the first half of 2001, fell to ninth last year.
Excerpt from joongangdaily.joins.com/200502/01/200502012154131779900090509051.html
Wonder why they rejected Toyota? Hmmmm.
I DELETED THE USERS NAME WHO POSTED THIS.
February 02, 2005 ¤Ñ Hyundai Motor's rapid progress in the international automobile industry is grabbing the attention of global carmakers, especially Toyota Motor, which recently asked the Korean company to exchange vital technology.
According to a Hyundai Motor official, a high-level executive from Toyota late last year sent a letter suggesting that Toyota allow Hyundai staff full access to its plant in Nagoya, in exchange for Hyundai allowing Toyota people access to its plant in Ulsan. The letter added that both companies could learn from each other.
Although it was an opportunity to learn the technologies of a world-class automobile manufacturer, Hyundai chairman Chung Mong-koo refused the offer from Toyota after thorough consideration.
"All we know is that our chairman refused to accept the offer as there was no urgent need," said a Hyundai Motor public relations official.
Toyota still remains one of the leading international automakers, ranking second in world sales, after General Motors, last year. The automaker recently announced that 2004 sales were up 10.9 percent to 7.52 million units.
Hyundai has had significant success in upgrading its brand and quality control. In 2001, Hyundai ranked 32nd in a quality survey undertaken by J.D. Power and Associates, a product and consumer research company. Last year, it vaulted into seventh place.
Toyota, which ranked sixth in the first half of 2001, fell to ninth last year.
Excerpt from joongangdaily.joins.com/200502/01/200502012154131779900090509051.html
Wonder why they rejected Toyota? Hmmmm.