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  • Hyundai Motor Company

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    The Hyundai Motor Company ( ; , , modernity; ) is a South Korean multinational automotive manufacturer headquartered in Seoul, South Korea. The company was founded in 1967 and, along with its 32.8% owned subsidiary, Kia Motors, and its 100% owned luxury subsidiary Genesis Motors, altogether comprise the Hyundai Motor Group. It is the third largest vehicle manufacturer in the world. Hyundai operates the world's largest integrated automobile manufacturing facility in Ulsan, South Korea, which has an annual production capacity of 1.6 million units. The company employs about 75,000 people worldwide. Hyundai vehicles are sold in 193 countries through some 5,000 dealerships and showrooms.

  • Hyundai

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    Hyundai Group (, ) is a South Korean business conglomerate headquartered in Seoul. It was founded by Chung Ju-yung in 1947 as a construction firm and Chung was directly in control of the company until his death in 2001. Following the 1997 East Asian financial crisis and Chung's death, Hyundai underwent a major restructuring and break-up, which reduced the Hyundai Group's business to encompass only container shipping services, the manufacturing of lifts, and tourism. Today, most companies bearing the name Hyundai are not legally connected to Hyundai Group. They include Hyundai Motor Group, Hyundai Department Store Group, Hyundai Heavy Industries Group and Hyundai Development Company. However, most of the former subsidiaries of the Hyundai conglomerate continue to be run by relatives of Chung. If these companies were considered as forming a single broad family business, then it would remain the largest company in South Korea with enormous economic and political power in the country.

  • Hyundai Motor Manufacturing Alabama

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    Hyundai Motor Manufacturing Alabama (commonly called HMMA) is an automobile factory in Montgomery, Alabama. It was incorporated as a subsidiary of Hyundai Motor Company of South Korea on April 12, 2002. Construction completed in June 2004, with the official start of production beginning in May 2005. The official grand opening ceremony on May 20, 2005, was attended by former President of the United States, George H. W. Bush and Hyundai Motor Group Chairman, Chung Mong-koo. It employed approximately 3,000 workers in 2013. Hyundai announced that the initial investment in the plant as $1.1 billion but the current investment is $1.7 billion. In May 2011, HMMA announced a $173 million investment to increase the capacity of the engine assembly plant. In May 2018, HMMA announced an investment of $388 million to construct a plant dedicated to manufacturing engine heads and enhance existing operations to support production of existing models. When it was built, the plant was expected to generate an additional 5,500 jobs and $500 million in investments from suppliers. Many of the suppliers were already in the region supplying the Mercedes, Honda and Toyota plants in the state. The success of the HMMA plant and the availability of local suppliers led Hyundai to invest over $1 billion in a new Kia Motors plant in West Point, Georgia. The West Point Kia plant is just over the Alabama state line, less than 85 miles away from the Montgomery plant. The two plants are directly linked by the I-85 highway. Through the years some production has been shifted between the two plants. For example, Kia engines are made in the HMMA plant while some SUV production was moved from Hyundai to the West Point Kia plant. As of the end of 2013, the HMMA plant was running in excess of its 300,000 listed capacity, due to high demand for Hyundai automobiles.

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