Hyundai Motor and its affiliate Kia Motors said on Thursday they aim to raise the average fuel economy of their vehicles by 25 percent by 2020 to meet emissions regulations in South Korea, the United States and Europe. In a statement, the South Korean automakers said they would develop next-generation engines and transmissions, reduce the weight of key models and expand their line-up of environmentally friendly vehicles to reach the target. "In the first half of this year, group chairman Chung Mong-koo ordered to secure world-leading competitiveness in fuel economy by 2020," Hyundai said in a statement. Hyundai and Kia, which share key components, said they will replace 70 percent of their 10 gasoline and diesel engines with next-generation engines, while expanding the use of turbo-charged gasoline engines.
via Business News http://ift.tt/1uypMNW
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