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Hyundai to handle hybrids and hydrogen, Kia to cover cars with cords

Hyundai Motor Group has announced a record-high budget for 2012 that includes 5.1 trillion Korean won (about $4.4 billion) for R&D, of which the lion’s share will be for hybrids and EVs, according to Singapore news portal AsiaOne. Company spokespeople made it clear that eco-friendly cars will be its main focus in 2012. The giant… Read more »