History of Hyundai Motor of South Korean car company began in 1967. For several decades, the company has gone from a licensed Ford vehicles to create a full-scale production line of its own models, from the tiny city car to a limousine EON-based Equus models.
Hyundai brand name from Korean means "modernity". The slogan of the company is New thinking, new possibilities, which means "new thinking, new possibilities."
Hyundai Motor Company was founded by a major Korean businessman Chung Ju-Yong, the owner of the Hyundai Civil Industries. In those years, the South Korean government has actively promoted the policy of "Korean miracle", and the four largest conglomerates of the country has been tasked to organize the production of domestic cars and to increase the volume of output to 50 thousand units by 1980.
In 1967, a factory Hyundai Motor on the Ford assembly sedans license Cortina and Granada was organized.
After a few years the production of Ford vehicles it was decided to stop: they are outdated and sold worse, and for the development of the company needed its own models. To create them, Hyundai hired specialists who worked previously in the British company Austin.
The result of their work was the first mass Korean car - Hyundai Pony. The body design was commissioned by the famous studio Italdesign, led by Giorgetto Giugiaro. The design was partly borrowed from the Ford Cortina, and the supply of engines and gearboxes agreed with Mitsubishi Motors.
In 1998, after the Asian financial crisis, Hyundai bought its main competitor in the Korean market - the company Kia Motors.
Currently Hyundai is a leader for the production of cars in Korea. Due to severe restrictions on the import of foreign cars, the company was able to produce all types of models, as even the most expensive car of the concern - Centennial, worth about 54 thousand dollars, the cost is cheaper buyers entering the country foreign car executive class.
In late 1999 model Coupe (in Korea and the United States - Tiburon) seriously refreshed. The first show of the car Hyundai Atoz held in autumn 1997. In autumn 1999 was updated model, which became known as the Hyundai Prime. In 1998 at the Geneva Motor Show will be updated SUV - Hyundai Galloper II. The basis for the first four-wheel drive cars Hyundai Galloper (Racehorse) became the first generation Mitsubishi Pajero, which was manufactured from 1981 to 1991. Successor SUV Galloper was Terracan. In 1998, Hyundai Motor Company was going through hard times, caused a sharp decline in domestic sales. Nevertheless, a number of new models, starting with the EF Sonata and XG, Hyundai has brought the highest estimates of international automotive press. It was a period of corporate and industrial restructuring. Acquisition Kia / Asia Motors and merging HPI and HMS helped Hyundai achieve high economic indicators to compete in the global market. 1999 was a time for Hyundai Motor active and fruitful work. Following the success of EF Sonata and XCMG offers to the public four more recent development: Centennial, the new Accent, Coupe and updated Trajet. Trajet Hyundai was the first step in the segment MPV. This model has expanded the range of products Hyundai. Model Luxury Dynasty in 1999 was upgraded. HYUNDAI Equus (in Europe - Centennial) - the model class. Equus appeared simultaneously with a related Mitsubishi Proudia in 1999. It is intended for senior government officials and the president of the corporation, and therefore equipped accordingly. The first show vsedorozhnika Santa Fe took place in January 1999 at the Detroit Auto Show. In 2000, the XG / Grandeur XG has not changed, it is front wheel drive luxury sedan is unified on the chassis with Sonata. The model is fully consistent with the most stringent European and American safety standards, very well-equipped and relatively inexpensive. In addition, Hyundai Motor signed a formal partnership agreement and become the exclusive automotive sponsor of the 2002 FIFA World Cup held in Korea and Japan. Sponsorship package includes all activities carried FIFA, in particular women's World Cup, the Confederations Cup and the World Cup among children and youth teams. Hyundai Motor Company has completed an extremely successful 1999, the volume of export has broken all previous records and reached nearly 701,000 vehicles, while domestic sales have almost reached pre-crisis levels. Restoration of the Korean economy and the revival of demand for cars allowed Hyundai Motor to strengthen its position in the domestic market and to compete with other brands on a global scale. The new millennium expanded the horizons of Hyundai Motor Company, now focusing on strengthening its global presence. In July 2001, one of the largest foreign Hyundai plant in Chennai. India began production of the new Sonata, and the factory in Turkey NMS mastered the production of vans H-1. Hyundai Motor Company and DaimlerChrysler AG established a joint venture for the production of commercial vehicles, which will be called Daimler Hyundai Truck Corporation. In June 2001, the two companies have announced plans to co-production from 2004 diesel engines for commercial vehicles Mercedes-Benz 900-Series at the Hyundai plant in Jeonju. It is planned that the plant will annually produce up to 100,000 engines for trucks Mercedes-Benz 900-Series.