Chairman & CEO
President & Chief Design Officer
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Hyundai was founded in the year 1967. The company has been operational for almost 51 years now. The founder of the company was Chung Ju-Yung. The founding of the company goes back to the establishment of the Hyundai Engineering and Construction Company, in the year 1947. The first car model of the company was released in conjunction with Ford Motors, in the year 1968. In the year 1974, in order to create their own car, the company had hired George Turnbull, who was the managing director of Austin Morris at British Leyland. Also, other five top British car engineers were also appointed as well. Then in the year 1975, the first South Korean car, which was the Pony, was released. The powertrain technology that time was provided by Mitsubishi Motors as well. In the year 1982, the company had entered the British market and therefore sold more than 2,900 cars in the first year as well.
In the year 1984, the company started exporting the Pony car to Canada, and not in the USA, since the car will not meet the emission standards in the USA. The sales of the car in Canada was great, and it exceeded expectations. It was also the top-selling car in Canada at one point as well. By the year 1985, almost one million Hyundai cars were manufactured. From the year 1986, the company started to sell cars in the USA. In the year 1988, the company released the Sonata model. In the year 1990, the company had manufactured its four millionth car. The following year, the company was successful in manufacturing its first gasoline engine that has four cylinders. In the year 1996, the company opened up a new manufacturing plant in Chennai, India. In the year 1999, the founder of the company transferred the company to his son, known as Chung Mong Koo. The parent company of Hyundai also started to invest heavily in design, quality and even manufacturing of various kinds of cars. The company also invested in R&D as well. In the year 2004, the company was ranked at number two in terms of initial quality by JD Power. The company has also been the sponsors of the FIFA World Cup, since the 2002 iteration. Then in the year 2006, Chung Mong Koo was arrested and charged due to a corruption fraud of almost $106 million. The headquarters of the company is based in 738 Eonju-ro, Nonhyeon-dong. The name of the place is Gangnam-gu, while the city name is Seoul, South Korea.
Hyundai is a South Korean company that focuses on the designing, development, manufacturing and selling of various kinds of automobiles, cars and vehicles to its customers and clients, all over the world. The current CEO and president of the company are Lee Won-hee. As of the year 2016, the total revenue generated by the company is more than 93.6 trillion Yen. Also, the overall production output of the company, as of the year 2016, is more than 4.8 million units. The number of employees working at the company, as of the year 2013, is more than 104,700. The company has its presence in over 193 different countries with more than 5,000 dealerships as well.
The primary services provided by the company include allowing customers and clients to purchase various kinds of automobiles, developed and designed by the company itself, with the use of mostly in-house technologies as well. The company also owns Kia Motors and Genesis Motors and therefore manufactures cars of these car brands as well.
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