Hyundai Motor Group abruptly shutters their engine development center
Quote:
Hyundai Motor Group has abruptly abolished the Engine Development Center at its R&D Headquarters. It has officially declared its policy not to release new models powered by internal combustion engines anymore.
The group carried out the largest-ever reorganization of its R&D headquarters on Dec. 17. The Namyang Research Institute has 12,000 R&D personnel and is a key organization that serves as the brain of Hyundai Motor Group.
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https://www.businesskorea.co.kr/news...ml?idxno=84657
Not the first to do it and certainly not the last. The writing is on the wall...