Hyundai Motor Company

Topics: Hyundai Motor Company, Hyundai Kia Automotive Group, Hyundai Pages: 3 (662 words) Published: April 17, 2013
Background of the Organization

Hyundai Motor Company (Hyundai) is the world’s fifth largest automobile company. It is the South Korea based global manufacturer of automobiles, and operates as a unit of Hyundai Motor Group. The company along with its subsidiaries and affiliates is involved in the design, development and manufacturing of passenger cars under the brand names of Equus, Genesis, Genesis Coupe, Azera, Sonata, Elantra, Accent, Getz, i30, i30cw, i20, i10 and recreational vehicles under the brand names of Veracruz/ix55, Santa Fe, Tucson/ix35, ix20, and H-1 and commercial vehicles which include medium and heavy duty automobiles and relevant parts. The company maintains a global production system consisting of manufacturing plants and operational facilities in Korea, the US, China, India, Turkey, Czech Republic, Russia, and Brazil.

It maintains a global base of technical research centers in Korea, the US, Germany, Japan, and India. The company market its products in more than 180 countries through its operational network of 32 overseas production and sales subsidiaries, and more than 6,000 dealers. Hyundai is headquartered in Seoul, South Korea.

The company’s strategic intent focuses on maintaining its leading position in the global automotive market. The company recently adopted a new management concept to focus on the development of a global production system with emphasis on emerging markets such as China India, and Brazil. Recently, the company in collaboration with KOICA and PLAN Korea, planned to launch a project related to the development of technical training centre for automobile repair in several African nations.

Key Recent Developments of Hyundai Motor Company

Nov 21, 2011: Hyundai Joins European Fuel Cell Electric Vehicle Demonstration Program Oct 04, 2011: EU Officials to Drive Fuel-cell Hyundai ix35
Sep 28, 2011: Hyundai to Expand EV Development
Sep 06, 2011: Hyundai to Come Out With New Electric Vehicle Brand For China...
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