The Hyundai Motor Company, Korean automaker which along with Kia comprises the Hyundai KIA Automotive Group. It was founded by Chung Ju-Yung as Hyundai Engineering and Construction Company in 1947. It is considered as South Korea’s largest and the world’s fifth largest Automaker in terms of units sold per annum. Its headquarters are in Seoul, South Korea.
The Hyundai logo is simple at first glance like other car logos. However, it contains symbolic elements about the company. The oval that surrounds the H letter is actually representing Hyundai’s continuous expansion that now goes beyond the Asian continent. The slanted, stylized ‘H,’ in company’s logo is said to be a symbol of two people (the company and customer) shaking hands as a sign of appreciation. This customer appreciation made it appealing to other car logos. Its constant increase in sales, proved its edge among other car logos.
In terms of sales performance, it is considered as the world’s fourth largest automaker as of 2009. As of 2011, it is the world’s fastest growing automaker for two years running. In 2008, Hyundai (without Kia) ranked as the eighth largest automaker. In 2010, Hyundai sold over 3.6 million vehicles worldwide.
It produces SUV, Vans, commercial vehicles and concept cars and hybrid-electric cars. It also supports projects for the preservation of the environment.
Hyundai operates the world’s largest integrated automobile manufacturing facility in Ulsan, which is capable of producing 1.6 million units annually. Hyundai vehicles are sold in 193 countries through some 6,000 dealerships and showrooms.
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