Hyundai

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Parent Company
Company Brands

Awards

Awards
BEST BUY 2020 - AUTOMOTIVE BEST BUYS
Further Awards
BEST OF 2020 - CARS.COM

Address

Country
Postal Code

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Phone
Click to reveal info0870 532 9980
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Manufacturer Info

Founded
December 29, 1967
Origin
Manufacturer
Hyundai
Price Range
Configurator
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Revenue
£171 BILLION (est)
Ranking (cars sold)
13
Cars registered
4051 (Oct)
Cars Sold YTD
41898
Market Share YTD
3.03%
Reliability
5/5
Electric

The Hyundai Motor Company, commonly known as Hyundai Motors is a South Korean multinational automotive manufacturer headquartered in Seoul. Hyundai Motor Company was founded in 1967 and, along with its 32.8% owned subsidiary, Kia Motors, and its 100% owned luxury subsidiary Genesis Motor, altogether comprise the Hyundai Motor Group.

The Hyundai Motor Company, commonly known as Hyundai Motors is a South Korean multinational automotive manufacturer headquartered in Seoul. Hyundai Motor Company was founded in 1967 and, along with its 32.8% owned subsidiary, Kia Motors, and its 100% owned luxury subsidiary Genesis Motor, altogether comprise the Hyundai Motor Group.

Hyundai operates the world's largest integrated automobile manufacturing facility in Ulsan, South Korea which has an annual production capacity of 1.6 million units. The company employs about 75,000 people worldwide. Hyundai vehicles are sold in 193 countries through some 5,000 dealerships and showrooms.

Chung Ju-Yung founded the Hyundai Engineering and Construction Company in 1947. Hyundai Motor Company was later established in 1967, and the company's first model, the Cortina, was released in cooperation with Ford Motor Company in 1968.

When Hyundai wanted to develop their own car, they hired George Turnbull in February 1974, the former Managing Director of Austin Morris at British Leyland. He in turn hired five other top British car engineers. They were Kenneth Barnett body design, engineers John Simpson and Edward Chapman, John Crosthwaite ex-BRM as chassis engineer and Peter Slater as chief development engineer.

In 1975, the Pony, the first South Korean car, was released, with styling by Giorgio Giugiaro of ItalDesign and powertrain technology provided by Japan's Mitsubishi Motors. Exports began in the following year to Ecuador and soon thereafter to the Benelux countries. Hyundai entered the British market in 1982, selling 2993 cars in their first year.

In 1998, after a shake-up in the South Korean auto industry caused by overambitious expansion and the Asian financial crisis, Hyundai acquired the majority of rival Kia Motors. Hyundai owns 33.88% of Kia.

In 2000, the company established a strategic alliance with DaimlerChrysler and severed its partnership with the Hyundai Group. In 2001, the Daimler-Hyundai Truck Corporation was formed. In 2004, however, DaimlerChrysler divested its interest in the company by selling its 10.5% stake for $900 million.

Did you know:

1. The word “Hyundai” is the Korean 現代 (“hanja”), which means “modernity.” An exact transliteration into English would be “Hyeondae.” It’s a fitting name considering the brand’s current slogan: New Thinking. New Possibilities.

2. Hyundai’s slanted ‘H’ badge is actually a stylized silhouette of two individuals shaking hands: a company representative and a satisfied customer. Their exchange is a handshake of trust and satisfaction between company and consumer. The surrounding oval symbolizes the goal to make such deals around the world.

3. How they Produce "cheap" cars? While most automakers purchase their steel from suppliers, Hyundai makes its own steel in South Korea. The Hyundai Steel Co., Ltd allows the automaker to produce and utilize high-quality steel in its vehicles at a low cost, rather than buying sub-par steel for cheap from a supplier.

4. Hyundai’s 54-million square foot Ulsan Factory in South Korea is the biggest automotive factory in the world, producing 1.6 million vehicles every year in over a dozen different models. The plant employs over 34,000 workers. The Hyundai’s plant’s size is outdone by VW‘s 70-million square foot factory in Wolsburg, but the VW plant doesn’t produce nearly as many vehicles.

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