History of Hyundai
It is a conglomerate founded by Chung Ju-Yung in Korea in 1947. The translation into Spanish of this word is "modernity". Among the companies that make Hyundai are Hyundai Motor Company, which is the fourth largest manufacturer of cars in the world. It is also the Hyundai Heavy Industries, which is the largest in the world in manufacture of heavy machinery and ships.
Beginning of Hyundai Motor Company
The history of Hyundai is marked by ups and downs, crisis, restructuring and great recoveries. It all began in 1947 when Ju-Yung founded a repair of automobiles and machinery company, business which was successful by the situation of post-war living the Korean nation then. As the Government was interested in reviving the industry, called Hyundai as a collaborator in this work of reconstruction.
The conglomerate added new production sectors and with the support of the Government Hyundai could expand their reach by opening factories and making concessions out of the country. One of these sectors was the manufacture of cars, with the creation in 1967 by Hyundai Motor Company. His first own creation (formerly was in charge of distributing Ford cars) was the Hyundai Cortina and later the Hyundai Pony, vehicle that opened their doors to the Korean and foreign market.
Crisis of Hyundai Motor Company
The 70?s were golden years for the group, leader in the industry and construction in the country. Came the 80?s and political instability deprived engagements by what were forced to cut jobs and remove investment. Even though the Hyundai Excel was elected "Best product 10" by the magazine Fortune in United States, in 1988 Hyundai recorded losses for the first time in its history.
When Chung Ju-Yung made the leap to politics in 1992 the Government took greater control over the group. Then mismanagement in some companies associated with Hyundai, were discovered in 1993 Ju-Yung regained control of the entire group again and restructured it into independent companies.
The brutal financial crisis that experienced Korea in 1997 put in check for several companies. Hyundai was also one of them, representing a high risk since she concentrated 20% of gross domestic product. Their bankruptcy would have been fatal to Korea. In 2000, Hyundai had a gigantic debt that forced to dispose of some of their signatures. A year later, its founder died.
To save the company, they decided to give everything to a vehicle. The reputation of Hyundai had dwindled and it was thought that the cars were of poor quality. So they commissioned the design of a new vehicle to Pininfarina, that of the motor to Mitsubishi and Porsche suspension and brakes. The product was the Hyundai Coupe, the first sports low-priced that became coach of the year and the most sold in the majority of countries.
Present of Hyundai Motor Company
It is currently the largest South Korean car and fifth manufacturer in the world. It is headquartered in Yangjae-Dong Prefecture in the town of Seocho-Gu in Seoul. Since a few years the situation has gone up the Hill and while it no longer has the weight of before as a group, remains stable and very respected standards of production. It was located in 2007 while Porsche and Lexus in the survey from J.D. Power quality measuring the satisfaction of customers during the first three months of use. Since the 2009 numbers are blue thanks to the good positioning of its vehicles around the world.
Today you have under its control of Hyundai Group, Hyundai Kia Automotive Group and the manufacturer of ships, Hyundai Heavy Industries and other companies.
Photo Gallery of Hyundai
Hyundai Equus, a large luxury car that is named after a Latin horse is a flagship model of Hyundai that is also called Hyundai's hundredth vehicle in Middle East nations. It is known to be one of the most luxurious and costly car from Hyundai.
Many markets outside the area of Korea have the name of the model as Hyundai Tuscon but soon retired for the name of Hyundai iX35. The model was unveiled at the Motor show of Frankfurt in the year 2009. Many features like comfort, power-output, safety and fuel efficiency have been upgraded.
A three door compact sports hatchback, the vehicle Hyundai Veloster was produced by Hyundai in the year 2011 March 10 and was released in late 2011 in America. It is Hyundai’s first car which has been especially designed to cater to the needs of young drivers and thus also known as Youth Lab Sub-Brand.
Technical characteristics of Hyundai Models
||Hyundai Equus JS 380
||266HP (195 kW) @ 6000 rpm
||Hyundai Tucson 2.0
||140HP (103 kW) @ 6000 rpm
||Hyundai i30 2.0 Automatic
||143HP (105 kW) @ 6000 rpm
||Hyundai Tucson 2.0 CRDi VGT Low
||119HP (88 kW) @ 3800 rpm
||Hyundai Tucson 2.0 CRDi VGT
||139HP (102 kW) @ 4000 rpm
||Hyundai Coup? V6
||167HP (123 kW) @ 6000 rpm
||Hyundai Accent 1.6 CDX Automatic
||103HP (76 kW) @ 5800 rpm
||Hyundai i30 2.0 CRDi
||139HP (102 kW) @ 3800 rpm
||Hyundai Elantra Automatic
||150HP (110 kW) @ 6500 rpm
||Hyundai Genesis V8
||383HP (282 kW) @ 6500 rpm
||Hyundai Equus JS 330
||247HP (182 kW) @ 6000 rpm
||Hyundai Sonata 2.4 CDX Automatic
||160HP (117 kW) @ 5800 rpm
||Hyundai Sonata 3.0 V6
||145HP (106 kW) @ 5000 rpm
||Hyundai Genesis Coup? 380 GT Automatic
||303HP (223 kW) @ 6300 rpm
||131HP (96 kW) @ 6000 rpm