(KPL/Yonhap) The chiefs of Hyundai Motor Group and Toyota Motor Corp. said Sunday the two carmakers will cooperate in the motor sports division in their first public appearance at a racing event.
Hyundai Motor Group Executive Chair Euisun Chung and Toyota Motor Chairman Akio Toyoda attended the Hyundai N x Toyota Gazoo Racing event held at Everland Speedway in Yongin, 41 kilometers south of Seoul.
Hyundai’s high-performance brand N and Toyota’s Gazoo Racing, the motorsport division of the Japanese carmaker, jointly held the racing event in Korea.
“The companies have agreed to cooperate in high-performance motor sports vehicles,” a company spokesperson said over the phone, without giving further details.
Samsung Group Chairman Lee Jae-yong also attended the event as the group operates the speedway.
Source: Lao News Agency