<div class="header-sections-wrapper"><h2 class="header-sections" style="text-align: center;"><span style="font-size: 10pt;">(Business Today Monday 13 February</span><span style="font-size: 10pt;"> 2017)</span></h2></div><div class="block block-views even" id="block-views-article-title-block"><div class="view view-article-title view-id-article_title view-display-id-block view-dom-id-9e26a722f2e68973414b1b2d3b223b56"><div class="view-content"><div class="views-row views-row-1 views-row-odd views-row-first views-row-last"><div><span><h1 class="title" id="page-title" style="text-align: center;"><span style="font-size: 14pt;">Hyundai Moto</span><span style="font-size: 14pt;"></span><span style="font-size: 14pt;"></span><span style="font-size: 14pt;">r hires former GM researcher to lead self-driving car center</span></h1></span> </div></div></div></div></div><div class="block block-views odd" id="block-views-abbbed293fc232acd042f79d5c8059a0"><div class="view view-article-main-highlight-view view-id-article_main_highlight_view view-display-id-block view-dom-id-8e3f0eec213be93ddbbce3a53023c683"><div class="view-content"><div class="views-row views-row-1 views-row-odd views-row-first views-row-last" style="text-align: center;"><article class="node-2734251 article node node-article node-promoted view-mode-highlight_article clearfix" about="/business/hyundai-motor-hires-former-gm-researcher-lead-self-driving-car-center" typeof="sioc:Item foaf:Document"><header><a title="FILE PHOTO - The logo of Hyundai Motor is seen on a wheel of a car at a Hyundai dealership in Seoul. Photo: Reuters" href="http://www.todayonline.com/sites/default/files/styles/photo_gallery_image_lightbox/public/photos/43_images/2017-02-13T022038Z_1_LYNXMPED1C059_RTROPTP_3_HYUNDAI-MOTOR-USA.JPG?itok=q5Yf71kq" rel="lightbox"><img width="560" height="420" style="clear: none; float: none;" alt="Hyundai Motor hires former GM researcher to lead self-driving car center" src="https://img1.daumcdn.net/relay/cafe/original/?fname=http%3A%2F%2Fwww.todayonline.com%2Fsites%2Fdefault%2Ffiles%2Fstyles%2Fphoto_gallery_image%2Fpublic%2Fphotos%2F43_images%2F2017-02-13T022038Z_1_LYNXMPED1C059_RTROPTP_3_HYUNDAI-MOTOR-USA.JPG%3Fitok%3D4jL1Ye5L" typeof="foaf:Image"></a> </header><div id="photo-highlight"><div class="description"><strong> FILE PHOTO - The logo of Hyundai Motor is seen on a wheel of a car at a Hyundai dealership in Seoul.</strong></div><div class="description"><strong>Photo: Reuters</strong> </div></div></article><!-- /.node --> </div></div></div></div><div class="block block-views last even" id="block-views-photo-gallery-view-block"><div class="view view-photo-gallery-view view-id-photo_gallery_view view-display-id-block view-dom-id-b4dd1048cdfbc13d92430270d237b798"><div class="view-content"><div class="views-row views-row-1 views-row-odd views-row-first views-row-last"></div></div></div></div><div id="content-main"><div class="inner"><article class="node-2734251 node node-article node-promoted view-mode-full inline clearfix" about="/business/hyundai-motor-hires-former-gm-researcher-lead-self-driving-car-center" typeof="sioc:Item foaf:Document" data-nid="2734251"><div class="field-name-field-article-abstract"></div><div class="social-links"><p class="whatsapp-share last"><a class="wa_btn wa_btn_s" style="margin: 1px; display: none;" href="whatsapp://send/" data-href="http://www.todayonline.com/business/hyundai-motor-hires-former-gm-researcher-lead-self-driving-car-center" data-text="Your sharing text will come here."><u><font color="#0066cc">Share</font></u></a><br></p></div><div class="authoring full-date"><span class="date-label">Published: </span><span class="date-value">10:30 AM, February 13, 2017</span></div><div class="authoring full-date"></div><div class="authoring"></div><div class="content"><p><br></p><p><strong><span style="font-size: 11pt;">SEOUL </span></strong><span style="font-size: 11pt;">- Hyundai Motor Group <005380.KS> has hired a former General Motors <GM.N> researcher to oversee its center to develop fully autonomous vehicles, joining other automakers and Silicon Valley giants in accelerating efforts on the fast-growing technology. </span></p><p><span style="font-size: 11pt;">Lee Jin-woo, 47, who has previously led autonomous driving technology development at General Motors (GM) for more than a decade, will head the newly established Intelligent Safety Technology Center - a combined research body for Hyundai Motor and its affiliate Kia Motors <000270.KS> - starting on Monday. </span></p><!-- inline --><div class="left "></div><p><span style="font-size: 11pt;">"The new centre will not only enhance existing Advanced Drive Assistance System technologies but also conduct research into artificial intelligence related self-driving car technologies with the aim of commercializing those technologies," Hyundai Motor said in a statement on Monday. </span></p><p><span style="font-size: 11pt;">Hyundai Motor and Kia, together the world's fifth-largest automaker, aim to develop highly automated vehicles by 2020 and fully autonomous vehicles by 2030. </span></p><p><span style="font-size: 11pt;">However, experts say Hyundai needs to do more to catch up with rivals in the self-driving car race. </span></p><p><span style="font-size: 11pt;">Last week, Ford Motor Co <F.N> announced plans to invest $1 billion over the next five years in autonomous vehicle tech firm Argo AI, while GM made a billion-dollar bet a year ago with its acquisition of Silicon Valley self-driving startup Cruise Automation. </span></p><p><span style="font-size: 11pt;">"Bringing in one person is not enough. Hyundai should form alliances with other companies, which will help hedge financial risks related to developing self-driving cars at a time of falling profit," said Lee Hang-koo, a senior research fellow at Korea Institute for Industrial Economics & Trade. </span></p><p><span style="font-size: 11pt;">"But this requires commitment from the top management." </span></p><p><span style="font-size: 11pt;">Hyundai Motor, which has typically promoted executives from within, has hired a series of executives from overseas, mostly in the design and engineering field. </span></p><p><span style="font-size: 11pt;">Lee earned a post doctorate at Cornell University, after studying at South Korea's KAIST and Seoul National University. </span><strong><span style="font-size: 11pt;">REUTERS</span></strong></p><div class="social-links"><div class="item-list"><ul class="clearfix" id="social-links"><br></ul></div></div></div></article></div></div><p><br></p>
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