It's Happening! Hyundai Launches First Flying Car Division For An Automaker
Hyundai is the latest automaker to pursue the lofty dream of the flying car. The company's new Urban Air Mobility Division aims to reduce the traffic congestion resulting from what the firm calls "mega-urbanization." To head this initiative, the business hires Dr. Jaiwon Shin, the former leader of the Aeronautics Research Mission Directorate at NASA.
"Having worked on cutting-edge aviation research and development at NASA for 30 years, I am very excited and humbled by the opportunity to now shape urban air mobility strategy at Hyundai Motor Group," Dr. Shin said in Hyundai's announcement of his hiring. "The new team at Hyundai will develop core technologies that will establish the company as a driving force in urban air mobility, a sector that is expected to grow into a market worth USD 1.5 trillion within the next 20 years."....
Filed under: Commerce
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