Hyundai Motor Company is a South Korean multinational automaker headquartered in Seoul, South Korea. Hyundai was founded in 1967 with Kia. Hyundai Motor Group is world’s 4th largest automobile manufacturer company based on annual sales in 2010. Hyundai Cars in India also a part of Indian economy and gaining more popularity day-by-day.
In 2008, Hyundai ranked as the 8th largest automaker with sold over 3.6 million vehicles worldwide. It operates world’s largest integrated automobile manufacturing plant in Ulsan. It’s capable of producing 1.6 million units annually. Hyundai vehicles sold in 193 countries trough some 6000 dealerships and showrooms. It is also world’s largest automaker company by profit.
In 1947, Chung Ju-Yung founded the Hyundai Engineering and Construction Company. Cortina was the first model of Hyundai Motor Company, released in cooperation with Ford Motor Company in 1968. Hyundai Motor Company hired George Turnbull, the Former Managing Director of Austin Morris at British Leyland to develop an own car. He has hired 5 other top British car engineers. They were Kenneth Barnett body design, engineer John Simpson and Edward Chapman, John Crosthwait ex-BRM as chassis engineer and Peter Slater as Chief Development Engineer.
In 1986, Hyundai began to sell cars in the United States. In 1988, the company started to produce models its own technology. In 1991, the company developed its first gasoline engine, the 4-cylinder Alpha, and also its own transmission.
In 1996, Hyundai Motor India Limited has established a production plant in Irungattukottai near Chennai, India. In 1999, Chung Ju Yung has transferred its leadership to his son Chung Mong Koo. The Hyundai Motor Group invested heavily in quality, design, manufacturing and its marketing strategy.
Hyundai is now one of the top 100 most valuable brands globally. Since 2002, Hyundai has also sponsors of the FIFA World Cup worldwide.
Hyundai has 6 centers worldwide, located in Korea, Germany, Japan, and India. In 1998, Hyundai acquired rival KIA Motors. In 2001, the Daimler-Hyundai Truck Corporation was formed.
Hyundai has invested in manufacturing plants in the North America, India, Czech Republic, Pakistan, China, and Turkey as well as research and development centers in Europe, Asia, North America, and the Pacific Rim. In 2004, Hyundai Motor Company had $57.2 billion in sales in South Korea making it the country’s second largest corporation, or chaebol. In 2011, Hyundai sold 4.05 million cars worldwide and became world’s 4th largest automaker behind GM, Volkswagen, and Toyota.
Hyundai vehicles are sold in 193 countries through its 5000 dealerships. As of 2011, it is the world’s fastest growing car brand.
Hyundai Motor Company started developing FFV in 1988. In 1991, the company has developed first electric car was the Sonata Electric Vehicle. Hyundai later produced electric vehicles utilizing the Excel, Grace, Accent, Atos, and Kia Sportage platforms.
The Company was used batteries from Ovonic Battery Company Inc. in Troy, MI. The new hybrid-electric FGV-1 was unveiled at the Seoul Motor Show in 1995. It has full-time electric drive technology. Hyundai also produced 2nd generation hybrid-electric vehicle in 1999.
The new hybrid electric Sonata was made its debut at the Los Angeles International Auto Show in 2008. Hyundai started manufacturing of hybrid electric vehicles in 2009. The company is using Hybrid Blue Drive, which has lithium polymer batteries.
At 2010, Geneva Motor Show, Hyundai unveiled i-flow concept car using a variant of the BLUE-WILL hybrid system. It uses a 1.7-liter twin turbo diesel engine with electric batteries to achieve fuel economy of 3-liter per 100 km.
Hyundai Motor Company produced another hatchback electric subcompact 5-door BlueOn car. Hyundai i10 was also unveiled at Frankfurt Motor Show in 2009.
Hyundai i20 WRC is a World Rally Car built for use in 2014 World Rally Championship. It was unveiled at 2012 Paris Motor Show.
The car will be operated by Hyundai’s performance division, Hyundai Motorsport from a base in Frankfurt, Germany.