Hyundai wants to enter Formula 1
http://www.f1racing.net/en/news.php?newsID=133902
23 October 2006
http://www.f1racing.net/en/news.php?newsID=133902
23 October 2006
oh no, shit.... looks like some Hyundai management get poisoned by Paul Stodart ...Car company Hyundai has officially shown its interest to start up a Formula One team in the future. The South Korean company hopes to enter F1 in 2010, which is also the year F1 will travel to Sout-Korea for its first race in the Asian country.
Although nothing is finalised the talks with FOM have started to enter F1 in the future. A Hyundai manager said in the German media: "We are currently talking with Bernie Ecclestone."
Hyundai is a South Korean group of companies founded by Chung Ju-yung in 1947 as a construction company and was once South Korea's biggest conglomerate company. The company split into five business entities on April 1, 2001 including Hyundai Kia Automotive Group, Hyundai Group, Hyundai Department Store Group and Hyundai Development Group. Hyundai was the 2nd largest Chaebol in 2004 based on total revenues.
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