-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BG+JZI3hYVb2SxowBl1/KFe8Si9Z+1JU6ubMNElTdgayS3PHH3BQfjdeiX2lw2Gk gb5PKRl9BUEEMKo4nWxUJA== 0001047469-97-002038.txt : 19971030 0001047469-97-002038.hdr.sgml : 19971030 ACCESSION NUMBER: 0001047469-97-002038 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19971029 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: US ELECTRICAR INC CENTRAL INDEX KEY: 0000922237 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLES & PASSENGER CAR BODIES [3711] IRS NUMBER: 953056150 STATE OF INCORPORATION: CA FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-50689 FILM NUMBER: 97703139 BUSINESS ADDRESS: STREET 1: 5 THOMAS MELLON CIRCLE STREET 2: SUITE 305 CITY: SAN FRANCISCO STATE: CA ZIP: 94134 BUSINESS PHONE: 4156562400 MAIL ADDRESS: STREET 1: 5 THOMAS MELLON CIRCLE STREET 2: SUITE 305 CITY: SAN FRANCISCO STATE: CA ZIP: 94134 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HYUNDAI MOTOR CO CENTRAL INDEX KEY: 0000904155 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: M4 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 140-2 KE-DONG CHONGRO-KU CITY: SEOUL KOREA STATE: M4 ZIP: 00000 MAIL ADDRESS: STREET 1: HYUNDAI MOTOR CO STREET 2: 140-2 KYE-DONG CHONGRO-KU CITY: SEOUL STATE: M4 ZIP: 00000 FORMER COMPANY: FORMER CONFORMED NAME: HYUNDAI MOTOR CO /FI DATE OF NAME CHANGE: 19970306 SC 13D/A 1 SCHEDULE 13D\A CUSIP No. 90328P100 13D Page 1 of 3 Pages - ------------------------------------------------------------------------------ SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 1)* U.S. ELECTRICAR, INC. Common Stock, no par value CUSIP No.: 90328P100 D.H. Kim Hyundai Motor Company 140-2 Kye-Dong, Chongro-Ku Seoul 110-173 Korea 011 822 746 1114 J.T. Choo Hyundai Electronics Industries Co., Ltd. San 136-1, AMI-R1 Rubal-EUB Ichon-S1, KYOUNGKI-DO 467-860 Korea 011-82-336-30-2611 October 9, 1997 If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box / /. Note: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) for other parties to whom copies are to be sent. *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 90328P100 13D Page 2 of 3 Pages - ------------------------------------------------------------------------------- ITEM 4. PURPOSE OF TRANSACTION (a)-(j) As previously disclosed, the purpose for the acquisition of the Purchased Shares by each of the Purchasers is for investment. However, in an effort to protect the value of their investment, the Purchasers reserve the right to express their views to management and the Board of Directors of the Company from time to time concerning the strategic direction and financial condition of the Company. On October 17, 1997, Hyundai Motor Company sent a letter to the Board of Directors of the Company expressing concern about the financial condition of the Company and the lack of steps that have been taken to improve it. The letter requested that changes be made as soon as possible to define a corporate strategy which focuses on enhancement of the Company's technology development capacity while cutting other non-essential, unproductive costs and activities. The letter also proposed the appointment of new management who would be better positioned to bring about this type of restructuring. Hyundai Electronics Industries Co., Ltd. expressed similar views in a letter to the Board of Directors dated October 9, 1997. The Purchasers understand that other large shareholders have made similar requests of the Company. To date, the Purchasers have not exercised their contractual right to have a designee appointed to the Board of Directors of the Company. CUSIP No. 90328P100 13D Page 3 of 3 Pages - ------------------------------------------------------------------------------- SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Hyundai Motor Company Dated: October 27, 1997 By: Jae Wan Lee --------------------------------------- Its: Authorized Representative -------------------------------------- Hyundai Electronics Industries Co., Ltd. Dated: October 27, 1997 By: Jin Kim --------------------------------------- Its: Authorized Representative -------------------------------------- -----END PRIVACY-ENHANCED MESSAGE-----