This may be old news but I have not blogged on it before as it happened way back in February 2005 before I shifted the focus of my blog to automobiles.
A high-level Toyota executive sent a letter to Hyundai chairman or better known as the Hyundai Tiger Chung Mong-koo requesting that Hyundai be allowed full access to Toyota’s Nagoya plant, in exchange for Hyundai allowing Toyota personnel access to Hyundai’s plant in Ulsan.
The letter said it would allow the companies to learn more from each other, especially Hyundai.
Guess what. Chung rejected the proposal. Hyundai’s PR officials said their chairman found no urgent need for such a collaboration, even though Hyundai could learn alot of things from Toyota, a world-class manufacturer.