Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Korea, republic of
  4. Korea Stock Exchange
  5. Hyundai Motor Company
  6. News
  7. Summary
    A005380   KR7005380001

HYUNDAI MOTOR COMPANY

(A005380)
  Report
End-of-day quote Korea Stock Exchange  -  2022-11-24
166000.00 KRW   -0.90%
11/25Hyundai Motor and SK On to build $1.9 billion JV battery plant in U.S. -report
RE
11/24Stellantis looks to India for affordable EVs for Europe
RE
11/24Stellantis looks to India to make affordable EVs
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Hyundai Motor : President Albert Biermann Retires as Head of R&D to Continue as Executive Technical Advisor based in Europe

12/16/2021 | 08:09pm EST
  • · Biermann has led the entire R&D Division and grown the industry-leading engineering capability of the Group
  • · Under his guidance, Hyundai, Genesis and Kia's driving dynamics has significantly improved with the successful launch of performance models, such as BBC Top Gear Car of Year, the Hyundai i20 N as well as the Hyundai i30 N and Kia Stinger
  • · Biermann also brought technical engineering innovation to the Group by establishing a modular architecture development system and introducing a virtual vehicle development system

SEOUL, Dec. 17, 2021 -Hyundai Motor Group (the Group) today announced that Albert Biermann, President and Head of the Research and Development (R&D) Division for the Group, is retiring, but will continue to act as an Executive Technical Advisor for the Group based in Europe.


As an Executive Technical Advisor, Mr. Biermann will advise the Group on the development of new products and on future technologies, including UAM, robotics and hydrogen fuel cells. He will also support the development of the electrification of performance vehicles, while playing a key role in talent development by passing on his expert knowledge at Hyundai Motor Europe Technical Center GmbH.


"It has been a tremendous pleasure and honor for me to work for Hyundai Motor Group and lead our engineering division to become a 'second-to-none' R&D center in the entire automotive industry. Now, our vehicles standout apart from the competition in many aspects and embody our strong engineering expertise and commitment," said Mr. Biermann (65). "Korea will remain as my second home, and all of my colleagues at Hyundai Motor Group will always be considered part of my family. I would like to recognize that our success has always been based on the strong collective spirit of the many talented people at Hyundai and I will value our unique achievements wherever I live."


"Thanks to Albert's tireless efforts, unwavering dedication and prodigious passion for the company, we have been able to achieve many great accomplishments across our vehicle lineups that it would be impossible to name them all," said Euisun Chung, Executive Chair of Hyundai Motor Group. "His commitment to delivering the very highest engineering standards has played a key role in our Group becoming one of the top global automotive leaders."


Mr. Biermann joined the Group as Executive Vice President and Head of Vehicle Testing & High-Performance Development in April 2015 following 31 years at BMW. Based at the Group's R&D Center in Namyang, Korea, he has led the development of new Hyundai, Genesis and Kia models, and overseen engineering projects relating to ride and handling, safety, reliability and the mitigation of NVH (noise, vibration and harshness). Mr. Biermann also played a key role to establish the Hyundai N high performance vehicle sub brand. In 2018, the Group named him President and Head of R&D division at Hyundai Motor Group.


Ever since Mr. Biermann joined the Group, Hyundai and Kia's drive performance has improved significantly with the successful launch of performance orientated vehicles, such as Hyundai i30 N and Kia Stinger, raising global awareness of both brands' high-performance capabilities. With development of the successful E-GMP platform under Biermann's leadership HMG is taking a leading role in the battery electric vehicle business.


Moreover, with the Group preparing for a paradigm shift in the industry, Mr. Biermann has brought innovation to the R&D Division via an architecture-based system that will help facilitate the company's transformation into a smart mobility solutions provider. Under the theme of 'One Strong R&D Family,' he guided the Group's vehicle brands to communicate and cooperate in a seamless and efficient manner thereby transforming the R&D Division into an agile organization fit for the new era.


Under Mr. Biermann's R&D leadership, the Group has developed competitiveness in all areas of mobility by establishing a modular architecture development system to reduce complexity and boost development efficiency. Moreover, he has overseen the introduction of the Group's virtual vehicle development system.


- End -

About Hyundai Motor Group

Hyundai Motor Group is a global corporation that has created a value chain based on automobiles, steel, and construction and includes logistics, finance, IT and service. With about 250,000 employees worldwide, the Group's automobile brands include Hyundai, Kia and Genesis. Armed with creative thinking, cooperative communication and the will to take on all challenges, the group is working to create a better future for all.



For more information about Hyundai Motor Group, please see: www.hyundaimotorgroup.com

Disclaimer:Hyundai Motor Group believes the information contained herein to be accurate at the time of release. However, the company may upload new or updated information if required and assumes that it is not liable for the accuracy of any information interpreted and used by the reader.

Go to video material (1)

Disclaimer

Hyundai Motor Company published this content on 17 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 December 2021 01:08:02 UTC.


ę Publicnow 2021
All news about HYUNDAI MOTOR COMPANY
11/25Hyundai Motor and SK On to build $1.9 billion JV battery plant in U.S. -report
RE
11/24Stellantis looks to India for affordable EVs for Europe
RE
11/24Stellantis looks to India to make affordable EVs
RE
11/24Stellantis looks to India for affordable EVs for Europe amid competition from China
RE
11/24Explainer-How South Korea's trucker strike could paralyse critical supply chains
RE
11/24S Korea truckers strike putting supply chains at risk
RE
11/23Hyundai Motor and Legendary Designer Giorgetto Giugiaro Collaborate to Rebuild Original..
CI
11/23South Korea truckers strike again with auto, battery supply chains at risk
RE
11/23Hyundai Motor : and Legendary Designer Giorgetto Giugiaro Collaborate to Rebuild Original ..
PU
11/23Workers to decide whether to unionize Ohio GM-LG battery joint venture
RE
More news
Analyst Recommendations on HYUNDAI MOTOR COMPANY
More recommendations
Financials
Sales 2022 141 474 B 106 B 106 B
Net income 2022 8 110 B 6,07 B 6,07 B
Net Debt 2022 83 259 B 62,4 B 62,4 B
P/E ratio 2022 5,17x
Yield 2022 3,13%
Capitalization 38 046 B 28 498 M 28 498 M
EV / Sales 2022 0,86x
EV / Sales 2023 0,82x
Nbr of Employees 63 942
Free-Float 69,8%
Chart HYUNDAI MOTOR COMPANY
Duration : Period :
Hyundai Motor Company Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends HYUNDAI MOTOR COMPANY
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 26
Last Close Price 166 000,00 KRW
Average target price 233 653,85 KRW
Spread / Average Target 40,8%
EPS Revisions
Managers and Directors
Eui-Sun Chung Vice Chairman & Co-Chief Executive Officer
Chang Jae-hoon Executive Vice President
Albert Biermann Co-President & Director
JosÚ Antonio Mu˝oz Barcelo Co-President & Global Chief Operating Officer
Eon-Tae Ha Co-President & Director
Sector and Competitors
1st jan.Capi. (M$)
HYUNDAI MOTOR COMPANY-20.57%28 498
TOYOTA MOTOR CORPORATION-2.42%201 353
VOLKSWAGEN AG-23.06%85 448
MERCEDES-BENZ GROUP AG-7.72%69 383
GENERAL MOTORS COMPANY-30.99%57 481
FORD MOTOR COMPANY-32.45%56 609