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Hyundai Capital Services (Korean: 현대캐피탈) is a South Korean provider of consumer financial services ranging from auto-financing, private financing, and corporate financing. The company is a financial service unit of Hyundai Motor Group. Hyundai Capital operates in 12 countries – Korea, the U.S., the U.K., China, Germany, Canada ...
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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.
In April 1999 Hyundai announced an enormous corporate restructuring, involving a two-thirds reduction of the number of business units and a plan to break up the group into five independent business groups by 2003. [12] [13] In 2001, the founder Chung Ju-yung died, and the Hyundai Group conglomerate continued to be dismantled. [14]
PT Hyundai Indonesia Motor (HIM) was established in 1996 as PT Citra Mobil Nasional, [56] assembling Bimantara-badged vehicles based on the Hyundai Accent and Hyundai Elantra. [57] It assembles the Hyundai H-1/Starex since 2010 for domestic market and exports to Thailand, Bhutan, and Brunei. [ 58 ]
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