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:
“What shall we do with country quiet now?
A motor drones insanely in the blue
Like a bad bird in a dream.”
—Babette Deutsch (1895–1982)
“The virtue of dress rehearsals is that they are a free show for a select group of artists and friends of the author, and where for one unique evening the audience is almost expurgated of idiots.”
—Alfred Jarry (1873–1907)