In an effort to clean up his reputation after a court came down on him with an embezzlement conviction last February, Hyundai Motor Co. Chairman Chung Mong-koo has vowed to give $1.1 billion of his own money in charitable donations over the next seven years. His initial pledge was made last year as he sought leniency from the courts -- both the law court and that of public opinion -- and he reaffirmed his promise recently as he appeals the Seoul High Court to reverse the charges that landed him
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When NASCAR initially announced the implementation of the Car of Tomorrow early in 2006, it said it would be phased in over a three-year period beginning in 2007. Apparently, the first few races with the CoT have gone so well, that they decided to accelerate the schedule by a year and make it the exclusive car for all tracks in 2008.