The Hyundai Motor Group (Hangul: 현대자동차 그룹; Hanja: 現代自動車 그룹) is a South Korea conglomerate company headquartered in Seoul, South Korea. It is the largest automobile manufacturer, the second largest automaker in Asia after Toyota and the world's fourth largest automaker after Toyota, GM, and Volkswagen as of the end of 2010. The group was formed through the purchase of 51% of South Korea's second-largest car company, Kia Motors, by Hyundai Motor Company in 1998. As of July 2, 2011, Hyundai owns 49.2% of Kia Motors. The Hyundai Kia Automotive Group also refers to the group of affiliated companies interconnected by complex shareholding arrangements, with Hyundai Motor Company regarded as the de facto representative of the Group. It is the third largest South Korean Chaebol or conglomerate after Samsung Group and LG Group.
Famous quotes containing the words motor and/or group:
“This biplane is the shape of human flight.
Its name might better be First Motor Kite.”
—Robert Frost (1874–1963)
“With a group of bankers I always had the feeling that success was measured by the extent one gave nothing away.”
—Francis Aungier, Pakenham, 7th Earl Longford (b. 1905)