The Rise of Hyundai: From Mitsubishi Borrower to Possible M-B Supplier
Written By: Seyth Miersma
May 8th, 2008 12:30 PM

Whether or not you’re stirred by Hyundai’s new Genesis sedan, or more probably the rear-drive Genesis Coupe, it hard to argue that the company hasn’t made massive strides in a relatively short period of time.
While holding court with a group of journalists at a lunch in Namyang, South Korea, Hyundai President of Research and Development, Dr. Hyun-Soon Lee, reflected on the company’s origins and its future. Lee pointed out that when Hyundai was young it relied on Mitsubishi to supply it with basic four-cylinder powerplants for its vehicles. These days however, the Korean automaker actually supplies engine technology for the 2.0-liter and 2.4-liter units of both Mitsubishi and Chrysler, building around 1.7 million such in 2007.
Interestingly Lee also told a story about a meeting with Dr. Dieter Zetsche of Mercedes-Benz, at this year’s Beijing Auto Show. Zetsche had announced that he would like the prestigious three-pointed star to partner with Hyundai for four-cylinder engines. Reflecting Lee said, “I am not sure we want to share our technology.” And the world turns.
+ Automobile: Hyundai: from borrowing engines from Mitsubishi to providing them for Mercedes-Benz
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