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Hyundai needs government help to compete with the Japanese on hybirds

2010 is the year that hybrids will become the "market standard", according to Kim Min-jin, chief of Hyundai Motor's hybrid research lab and senior vice president of Hyundai. In order to catch up with Japanese automakers in hybrid technology, Hyundai has asked the Korean government to give subsidies to Korean hybrid manufacturers and purchasers. The Korea Times says that Korean car companies are about 10 years behind the Japanese automakers in hybrid technology. Both the Japanese and U.S. governments subsidize hybrid cars. Hyundai introduced ... Read more →

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