Hyundai Motor Company
Hyundai Motor Co., Ltd. manufactures and is a distributor of motor vehicles and parts. Its products include passenger cars, recreational vehicles, small and large commercial vehicles. The company was founded on December 29, 1967 and is headquartered in Seoul, Korea.
In 1986, Hyundai began to sell cars in the United States, and the Excel was nominated as “Best Product #10” by Fortune magazine, largely because of its affordability. The company began to produce models with its own technology in 1988, beginning with the midsize Sonata. In the spring of 1990, aggregate production of Hyundai automobiles reached the four million mark. In 1991, the company succeeded in developing its first proprietary gasoline engine, the four-cylinder Alpha, and also its own transmission, thus paving the way for technological independence.