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    A005380   KR7005380001

HYUNDAI MOTOR COMPANY

(A005380)
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End-of-day quote. End-of-day quote Korea Stock Exchange - 12/07
207500 KRW   +0.48%
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Qualcomm, FedEx, auto executives to propose transport policies for world in transition

10/30/2020 | 09:44pm EST
Airplanes at Paris Charles de Gaulle airport in Roissy-en-France

WASHINGTON (Reuters) - A group of business leaders and public policy experts is launching a new body to grapple with thorny questions surrounding the future of transportation including self-driving and electric vehicles.

The Commission on the Future of Mobility, reported earlier by Reuters, was formally unveiled on Friday. The group plans to propose a new regulatory framework to address a global transportation sector "on the cusp of a worldwide transition driven by shared, connected, autonomous, and electric technologies."

Alisyn Malek, the commission's executive director, told Reuters the goal is to tackle tough problems and improve safety.

"Let's bring everybody together to talk about how do we want the movement of people and goods to actually work," Malek said in an interview.

Autonomous cars and delivery trucks, package-carrying drones, air taxis, connected vehicles and Hyperloop systems are among transit advances that could revolutionize travel.

Traffic crashes remain a major problem. The World Health Organization estimates 1.35 million people die and 20 to 50 million are injured annually in vehicle crashes.

The commission will be co-chaired by Jared Cohon, president emeritus of Carnegie Mellon University, former Ford Motor CEO Jim Hackett and Transdev Group CEO Thierry Mallet.

"Progress can only continue if we modernize the way policy and regulation work," Hackett said.

Governments, including the United States, have struggled to adopt regulations to allow for wide-scale adoption of next-generation transportation like self-driving cars amid safety concerns.

Regulators are hiking fuel efficiency requirements, while California and many European countries want to end new gasoline-powered passenger vehicle sales by 2035.

The commission says in an overview document that "current regulatory requirements governing fuel economy standards and vehicle safety fail to reflect the transformation occurring in powertrains, autonomy, and models of mobility."

The group wants to recommend in 2022 "a framework for regulations in the American, European, and Asian markets post-2025 that reflects and facilitates the technological transformation taking place" for emissions and safety regulations.

Goodyear Tire & Rubber CEO Richard Kramer, FedEx CEO Fred Smith and Qualcomm CEO Steven Mollenkopf will be on the commission, as will Hyundai Motor Chief Operating Officer José Muñoz. It expects to add members before its February kickoff.

The commission is housed within SAFE, a nonpartisan organization focusing on energy security issues.

SAFE CEO Robbie Diamond said the goal is to rethink everything. "If you had to rewrite regulations and policy from scratch knowing what we know about technology today ... what you would do differently?" he asked. "We want to think big."

(Reporting by David Shepardson; Editing by Michael Perry and Tom Brown)

By David Shepardson


ę Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
HYUNDAI MOTOR COMPANY 0.48% 207500 End-of-day quote.8.07%
QUALCOMM, INC. 4.71% 183.72 Delayed Quote.20.60%
THE GOODYEAR TIRE & RUBBER COMPANY 0.93% 21.69 Delayed Quote.98.81%
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Analyst Recommendations on HYUNDAI MOTOR COMPANY
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Financials
Sales 2021 117 136 B 99,7 B 99,7 B
Net income 2021 5 970 B 5,08 B 5,08 B
Net Debt 2021 69 635 B 59,3 B 59,3 B
P/E ratio 2021 8,66x
Yield 2021 1,97%
Capitalization 43 766 B 37 166 M 37 245 M
EV / Sales 2021 0,97x
EV / Sales 2022 0,89x
Nbr of Employees 70 388
Free-Float 70,9%
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Mean consensus BUY
Number of Analysts 30
Last Close Price 207 500,00 KRW
Average target price 295 000,00 KRW
Spread / Average Target 42,2%
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Managers and Directors
Eui-Sun Chung Vice Chairman & Co-Chief Executive Officer
Chang Jae-hoon Co-President & Co-Chief Executive Officer
Albert Biermann Co-President & Director
Eon-Tae Ha Co-President & Director
Moon-Sik Kwon Vice Chairman-Executive Board, Head-R&D
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