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:
“The motor idles.
Over the immense upland
the pulse of their blossoming
thunders through us.”
—Denise Levertov (b. 1923)
“A little group of willful men, representing no opinion but their own, have rendered the great government of the United States helpless and contemptible.”
—Woodrow Wilson (1856–1924)