Hyundai Motor Net Worth is$43.6 B
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Company Name: Hyundai Motor Company, ????? ????
Slogan: New Thinking. New Possibilities.
Company Type: Public
Traded As: 005380, HYUD
Foundation: December 29, 1967
Founder: Chung Ju-yung
Location City: Seoul
Location Country: South Korea
Key People: Chung Mong-koo (Chairman & Chief Executive Officer)
Area Served: Worldwide
Industry: Automotive industry
Products: Automobiles, commercial vehicles, internal combustion engine
Production: sales
Revenue: url
Net Income: 06.910 billion (2011) Assets: equity
Num Employees: 57,105 (2011) Parent: Hyundai Motor Group
Subsid: Hyundai Motor India Limited
The Hyundai Motor Company (Hangul: i??e??i??e??i?? i? 1/4 i??i??i??; Hanja: c? 3/4 a>>?e??a??e>>?ae ?a 1/4 ?ae??c? 3/4 ) (Hangul: i??e??; Hanja: c? 3/4 a>>?; MR: HyA?ndae, IPA: [hjE?I?E?ndE?],modernity; KRX: 005380) is a South Korean multinational automaker headquartered in Seoul, South Korea. Hyundai was founded in 1967 and it, along with Kia, together comprise the Hyundai Motor Group, which is the world's fourth largest automobile manufacturer based on annual vehicle sales in 2010. In 2008, Hyundai (without Kia) ranked as the eighth largest automaker. In 2010, Hyundai sold over 3.6 million vehicles worldwide.
Hyundai operates the world's largest integrated automobile manufacturing facility in Ulsan, which is capable of producing 1.6 million units annually. The company employs about 75,000 persons worldwide. Hyundai vehicles are sold in 193 countries through some 6,000 dealerships and showrooms.
Chung Ju-Yung founded the Hyundai Engineering and Construction Company in 1947. Hyundai Motor Company was later established in 1967. 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, 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 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.
In 1984, Hyundai exported the Pony to Canada, but not to the United States, because the Pony didn't pass emissions standards there. Canadian sales greatly exceeded expectations, and it was at one point the top-selling c

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Hyundai Motor Latest News

Hyundai’s projected production losses dim outlook

Hyundai Motor is facing some Won1tn ($916m) in production losses this year as union members at the South Korean carmaker continue the spate of partial labour strikes, compounding the company’s sales woes in big markets. Hyundai workers have held strikes ...
Posted: December 11, 2017, 1:32 am

BAIC Motor looks to phase out conventional fuel cars by 2025: China Daily

BAIC, which also makes vehicles in partnership with South Korean carmaker Hyundai Motor Co and Germany's Daimler AG, plans to stop sales of conventional petrol engine cars first in Beijing and then nationwide. "Our goal is to stop sales of self-developed ...
Posted: December 12, 2017, 4:48 pm

South Korea's Hyundai says faces headwinds from weaker yen next year

SEOUL (Reuters) - South Korean automakers face a major headwind from a weakening Japanese yen, which will boost rivals like Toyota Motor Corp. next year, a Hyundai Motor think tank said. The fall in the yen will intensify competition ...
Posted: December 9, 2017, 7:16 pm
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