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January 26, 2005
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This Week:

• The new BMW 3 Series Saloon - Unique Dynamics, Product Substance and Efficiency

• Honda Ridgeline Truck Unveiled at 2005 North American International Auto Show

• Toyota to Unveil All-New FJ Cruiser Sport Utility Vehicle at 2005 Chicago Auto Show

• Jaguar X-TYPE Diesel Now Even More Tax Efficient With EURO IV Emissions Compliance

• Hyundai and Kia Celebrate Grand Opening of a New $60 Million California-Based Proving Ground

• DaimlerChrysler Fuel Cell Vehicles Operate in Freezing Temperatures

• Mazda Europe Sales Up 20 Percent in 2004

• GM Reports 2004 Financial Results

• Ford Reports 2004 Net Income Of $3.5 Billion

• BMW: Dynamic growth in revenues in 2004 thanks to product and market initiative

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Hyundai and Kia Celebrate Grand Opening of a New $60 Million California-Based Proving Ground

CALIFORNIA CITY, Calif. - Dong Jin Kim, vice chairman of Hyundai Motor Company, today joined a select group of VIPs for the grand opening of Hyundai's first U.S. proving ground in California City, Calif. The 4,300-acre, $60-million facility is the test site for next-generation Hyundai and Kia vehicles. The Hyundai-Kia Motors California Proving Ground furthers Hyundai's growing investment in the United States and reaffirms the company's commitment to designing Hyundai and Kia products for North American consumers.

The Hyundai-Kia Motors California Proving Ground site is located 100 miles north of Los Angeles in the Mojave Desert (north of State Highway 58). Construction began in February 2004 and was substantially completed by October 2004. The grounds include a 6.4-mile oval track, 2 million square-foot Vehicle Dynamics Area (VDA), a 2.75-mile winding track, a 3.3-mile hill road and various special surface roads constructed to duplicate U.S. highways.

The Proving Ground also includes a 30,000 square-foot office complex for its 50 staff members.

"The Hyundai-Kia Motors California Proving Ground will ensure that Hyundai and Kia continue to develop the highest quality vehicles," said Dong Jin Kim, vice chairman, Hyundai Motor Company. "Hyundai and Kia are committed to the U.S., and this facility will help us design vehicles that appeal to consumers in this market as well as worldwide."

(Jan 26, 2005)