Hyundai Motor Group
Founded in 1967 as the Hyundai Motor Company, the Hyundai Motor Group, now the world’s fifth-largest car manufacturer with over two dozen auto-related subsidiaries and affiliates, exports over one million high-quality sedans, sport utility vehicles, trucks, and buses. In 2010, the company sold about 3.6 million vehicles, 659,565 in the Korean home market, a 45-percent market share. Internationally, the company had about 2.9 million 2010 sales in 190 countries through 5,300 dealers. Hyundai Motor Hyundai has three plants in Korea and six overseas in the USA, India, China, Turkey, the Czech Republic, and Russia. The company plans to add a seventh in Brazil. Annual global production capacity is about 3.91 million units, 1.86 million Korea domestic, 2.05 million overseas.
Cars and sport utility vehicles by the company give customers high performance at affordable prices. Every vehicle demonstrates Hyundai’s successful competition with automobiles from around the world in technology, ride quality, and styling. Hyundai sold its first car, the subcompact Excel model, in the USA in 1986, when few Americans knew of their products. Since then, the business has expanded and upgraded its product line in the American auto market to vehicles. This includes the subcompact Accent, the award-winning Santa Fe sport utility vehicle, and the premium Genesis sedan.
The corporation operates the world’s largest integrated automobile manufacturing facility in Ulsan on Korea’s southeast coast, a state-of-the-art plant in Asan southeast of Seoul, eight research centers in Korea, the Hyundai America Technical Center in Ann Arbor, Michigan, and the Hyundai California Design Center in Fountain Valley, California. Current research projects are at work on electric-powered, solar-powered, and hydrogen-powered fuel cell vehicles, and low-emission gasoline engines.
In May 2005, they opened its first North American and technologically most advanced manufacturing facility in Montgomery, Alabama. Hyundai Motor Manufacturing Alabama (HMMA), which has an annual capacity of 300,000 vehicles, began production operations with the Sonata sedan and the Santa Fe sport utility vehicle in 2006.
After its first year, HMMA was in 10th place among 37 North American plants in the product quality category. In 2008, HMMA was the most productive North American plant of midsize crossover utility vehicles with its Santa Fe model. HMMA took 22.6 hours to complete each Santa Fe, one of Hyundai’s best sellers. Santa Fe production now continues at the Kia Motors facility in West Point, Georgia while HMMA produces the very popular Sonata and Elantra models.
Since 2001, Hyundai Motor has invested more than $200 million in design and testing facilities throughout the USA. With a $30 million design center in Irvine, California, a $60 million proving ground in the California Mojave Desert, and a $117 million technical center in Ann Arbor, Michigan, Hyundai can bring vehicles to life from concept to design to testing to production in the USA.
After 25+ years in the American automobile market, Hyundai is more than ever committed to production of innovative, high-quality vehicles at affordable prices. Hyundai distributes cars and sport utility vehicles throughout the USA sold and serviced by more than 800 Hyundai dealerships nationwide.
Visit Hyundai Canada Website: www.hyundaicanada.com
