Hyundai Motor Company

|2004 Hyundai Accent

2004 Hyundai Trajet

2004 Hyundai Getz

2003 Hyundai Matrix

2001 Hyundai Santa Fe

The Hyundai Motor Company ('''HMC''') (Hangul:현대 자동차,Hanja : 現代自動車) is a South Korean manufacturer of automobiles. In 2003 it was South Koreas largest car maker and the worlds seventh largest car maker. HMC operates the world's largest integrated automobile manufacturing facility in Ulsan on South Korea's southeast coast.

History

Chung Ju-yung founded the Hyundai Motor Company in 1947 as Hyundai Engineering and Construction Co. Hyundai Motor Co. (HMC) was established in 1967. The company's first model (Cotina) was released, in cooperation with Ford, in 1968. In 1975, Pony, Koreas first proprietary model, was released, based on Japanese Mitsubishi technology. Pony was exported for the first time in 1976. In 1986 Hyundai began to sell in the USA, and the Excel, as the Pony was known there, was nominated best product 10' by Fortune magazine, largely because of its low price. The company began to produce models manufactured with its own technology in 1988, beginning with the mid-size Sonata. Despite the honors received, Hyundai cars are often perceived as low-end, unreliable, and undrivable due to its malfunctionings. Recently, it is beginning to overhaul its image and try to establish itself as a reliable brand. The efforts have yet to be determined to be successful or not. In 1998, after a shake-up in the Korean auto industry caused by overambitious expansion and the previous year's financial crisis, Hyundai acquired Kia Motors. In 2000, the company established a strategic alliance with DaimlerChrysler and severed its partnership with Hyundai Group. In 2001, Daimler-Hyundai Truck Corporation was formed. In August, 2004, DaimlerChrysler sold its 10.5% stake in Hyundai for 900 million US dollars.

Business

HMC is a division of Hyundai Motor Group. In 2003 it had an annual sales of $38.994 bn and a net income of $1.486 bn, with 51,471 employees. Hyundai has been investing in Hyundai manufacturing plants in North America, India, China, Turkey and research and development centers in North America, Japan and Europe.

2004 model year

• Accent/Verna
• Atos/Atos Prime/Atoz
• Avante/Elantra
• Click/Getz/TB
• H-1/Satellite/Starex
• Coupe/Tiburon/Tuscani
• Terracan
• JM/Tucson
• Trajet
• Lavita/Matrix
• Santa Fe
• Sonata
• XG (to be replaced by the TG for 2006)

See also

• List of Hyundai engines
• Hyundai
• Hyundai Motor Company, a division of Hyundai Motor Group
• Hyundai Heavy Industries
• Hyundai Asan, a division of Hyundai Group
• Hyundai Engineering and Construction, a division of Hyundai Development Group
• Hyundai Department Store Group
• Hyundai Development Group
• Hyundai Electronics, renamed as Hynix in 2001
• List of Korean car makers
• List of Korea-related topics

External links

• Official website
• Hyundai Motor Manufacturing Alabama (HMMA)
• Hyundai Motor America
• Beijing Hyundai (北京现代汽车有限公司)
• Hyundai Motor India Ltd

Category:Hyundai Category:Automobile manufacturers Category:South Korean companies Category:South Korea de:Hyundai Motor Company et:Hyundai Motor Company ja:現代自動車 ko:현대 자동차

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