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:
“We disparage reason.
But all the time it’s what we’re most concerned with.
There’s will as motor and there’s will as brakes.
Reason is, I suppose, the steering gear.”
—Robert Frost (1874–1963)
“We often overestimate the influence of a peer group on our teenager. While the peer group is most influential in matters of taste and preference, we parents are most influential in more abiding matters of standards, beliefs, and values.”
—David Elkind (20th century)