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The group was formed through the purchase of 51% of Kia by Hyundai Motor Company in 1998. As of 2011, Hyundai owns 33.7% [5] of Kia Motors.. On 22 May 2022, the Hyundai Motor Group announced the company would invest an additional $5 billion in the United States by the year 2025.
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He said the company plans to soon open a fifth Hyundai dealership in Danvers. Staff at Imperial Cars were not available for comment. McGovern says it sold 36,000 new and used cars in 2023
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