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Hyundai Group (Korean: 현대그룹; Korean pronunciation: [ˈhjəːndɛ] [1]) is a South Korean conglomerate founded by Chung Ju-yung. The group was founded in 1947 as a construction company . With government assistance, Chung and his family members rapidly expanded into various industries, eventually becoming South Korea's second chaebol .
Founder of Hyundai Motor. Left the Hyundai Group with Hyundai Development Co., Ltd., the leading housing builder in Korea. [24] [25] Chung Shin-yung (1931–1962). Died in a car accident in Germany while working as a journalist for a Korean newspaper company. His only son, Chung Mong-hyuk, ran Hyundai Oilbank, the third largest oil refiner in ...
In November 2008, Hyundai opened the European plant in Nošovice, Czech Republic, following an investment of over 1 billion euros and over two years of construction. [ 28 ] [ 29 ] The plant, which mainly manufactures the i30 and Tucson for the European market, has an annual capacity of 300,000 cars. [ 30 ]
It added free maintenance for the first 2 years or 24,000 miles for all its new cars sold, starting with the 1992 model year. It also added a 10-year or 100,000-mile (160,000 km) powertrain warranty (known as the Hyundai Advantage) to its vehicles sold in the United States.
Henry Kaiser was an early advocate of bringing American aid to those suffering from German aggression in Europe. In 1940, a full year before the US had entered World War II, Kaiser served as National Chairman of United Clothing Collection for International War Relief to provide much-needed clothing for the refugees from Hitler's conquests in ...
The Hyundai i20 WRC is a World Rally Car built by Hyundai for use in the 2014 World Rally Championship. [218] It is based on the Hyundai i20 subcompact car, and was unveiled at the 2012 Paris Motor Show. The launch of the i20 marks Hyundai's return to the World Rally Championship after a ten-year absence. [219]
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.
Freedom's Forge: How American Business Produced Victory in World War II. New York: Random House. ISBN 978-1-4000-6964-4. Jackson, John H. Progress the U.A.W. and the Automobile: Industry the Past 70 Years (2003), for secondary schools. Katz, Harry C. "The US automobile collective bargaining system in transition."