Hyundai Motor Group, led by Hyundai Motor Company and Kia Motors Corp. announced that Peter Schreyer was appointed as President to oversee Hyundai and Kia's design centers in order to streamline its resources and create synergy between the two brands. Mr. Schreyer will lead the long-term design vision and strategy for Hyundai and Kia, based on the Group's vision.

In particular, by overseeing the Group's design resources, he will further cement the two brands' differentiation strategies according to each company's brand direction. From 2002-2006 he was Chief Design Officer of Kia Motors Corp.