Hyundai Motor Company

Background of the Organization Hyundai Motor association (Hyundai) is the areas fifth largest automobile social club. It is the South Korea home plated global maker of automobiles, and operates as a unit of Hyundai Motor Group.The fraternity along with its subsidiaries and affiliates is elusive in the design, development and manufacturing of passenger cars under the brand names of Equus, genesis, Genesis Coupe, Azera, Sonata, Elantra, Accent, Getz, i30, i30cw, i20, i10 and recreational vehicles under the brand names of Veracruz/ix55, Santa Fe, Tucson/ix35, ix20, and H-1 and commercial vehicles which include speciality and heavy duty automobiles and relevant parts. The company maintains a global proceeds establishment consisting of manufacturing plants and operational facilities in Korea, the US, chinaware, India, Turkey, Czech Republic, Russia, and Brazil.It maintains a global base of technical research centers in Korea, the US, Germany, Japan, and India. The company mark et its products in much than 180 countries through its operational network of 32 overseas employment and sales subsidiaries, and more than 6,000 dealers. Hyundai is headquartered in Seoul, South Korea. The companys strategic intent focuses on maintaining its leading position in the global automotive market. The company recently adopted a new management sentiment to focus on the development of a global production system with emphasis on emerging markets such as China India, and Brazil.Recently, the company in collaboration with KOICA and PLAN Korea, planned to launch a vomit related to the development of technical training centre for automobile remunerate in several African nations. Key Recent Developments of Hyundai Motor community Nov 21, 2011 Hyundai Joins European Fuel Cell Electric Vehicle Demonstration course of instruction Oct 04, 2011 EU Officials to Drive Fuel-cell Hyundai ix35 family line 28, 2011 Hyundai to Expand EV Development Sep 06, 2011 Hyundai to Come Out Wi th New Electric Vehicle Brand For China May 31, 2011 SK Innovation Commences Construction On EV Batteries Facility HistoryChung Ju-Yung as a small engineering and construction company founded the Hyundai in 1947. In 1965 Hyundai began its operations outside South Korea, expanding production to Thailand, Vietnam and Guam. The name Hyundai is a Korean word meaning Modernity. The Hyundai motor company was founded in 1967. This celebrated company has been involved in construction, electronics, chemicals, shipbuilding, heavy industry and financial services. The companys first model was released with the cooperation with Ford motor company, the Cortina in 1968. In 1967, they began exporting to Ecuador and Benelux countries.In 1991, Hyundai successfully developed its own proprietary gasoline engine. Hyundai Motors India circumscribed was established in 1996 with its production plant in Irrungattukatoi near Chennai, India. In 1998, Hyundai became a world class brand. During 1999, Chung Mo ng Koo, son of Chung Ju Yung was given leadership of Hyundai Motors. In 2004 a survey by Power and Associates ranked Hyundai the second in initial timber. In 2006 Chung Mong Koo was arrested for embezzlement of 100 billion SKW, and Vice electric chair and CEO Kim Dong-Jin took over as head of Hyundai.Philosophy and Objectives of the Organization The Hyundai Motor Companys Philosophy represents the values and the principles that are the core of the brass. Realize the dream of mankind by creating a new future through expert thinking and continuously challenging new frontiers. Core Values Promotes a customer driven corporate culture by providing the best quality and impeccable service with all values centered on their customers. cross every opportunity as greater challenges and achieve the goals with unwavering passionateness and ingenious thinking.Creates synergy through a sense of togetherness that is fostered by uncouth communication and cooperation within the company and wi th their business partners. They believe the future of the organization lies in the hearts capabilities of individual members, and will help them develop their voltage by creating a corporate culture that respects talent. Respects the miscellanea of cultures and customs, aspire to be the worlds best at what we do, and deform to become a respected global corporate citizen.