- Jun 4, 2004
Parent company may take Hyundai and Kia in different directions
Hyundai Motor Company Chairman Chung Mong-Koo is eyeing up some not-so-secret plans for his Hyundai and Kia brands. The strategy: Kia will be the small, sporty, economical badge; Hyundai the bigger, more luxurious and pricey. Hyundai picked up their majority stake in Kia in 1998, and according to an anonymous Hyundai official, they have been "a very big thing to digest."