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In December 1993, Hyundai Capital Services [2] was founded under the name Hyundai Auto Finance overlooking automotive and housing finances. In 1999, the company changed its name to Hyundai Capital Services.
The group was formed through the purchase of 51% of Kia by Hyundai Motor Company in 1998. As of 2011, Hyundai owns 33.7% [5] of Kia Motors.. On 22 May 2022, the Hyundai Motor Group announced the company would invest an additional $5 billion in the United States by the year 2025.
1982 Hyundai Pony. Chung Ju-yung (1915–2001) founded the Hyundai Engineering and Construction Company in 1947. Hyundai Motor Company was later established in 1967, and the company's first model, the Cortina, was released in cooperation with Ford Motor Company in 1968.
Hyundai Motor America, doing business as Hyundai Motor North America is the operating subsidiary that oversees all operations of Hyundai Motor Company in Canada, Mexico, and the United States.
GM and Hyundai signed an agreement on Thursday morning to explore jointly developing cars, powertrains, and various technologies, signaling how far Korean automakers have come over the past 30 years.
In October 2001, Hyundai Motor Group acquired Diners Club Korea and changed its name to Hyundai Card Co., Ltd. [1] In 2003, they launched the Hyundai Card M which offered discounts of up to ₩500,000 (2006) (equivalent to ₩641,708.23 or US$567.67 in 2017) [3] to members when purchasing a Hyundai or Kia vehicle. [4]
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