History of Hyundai

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Hyundai founder Chung Ju-yung.

The beginning of Hyundai Motor Company dates back to April 1946., When founder Chung Ju-yung, 31 years old based Hyundai Auto Service in Seoul, South Korea. Hyundai name was chosen because of its meaning in English is “modern”. Hyundai logo is a symbol of the company’s desire to expand. The oval shape and the letter “H”, inside it is symbolic of two people (the company and customer) that they shake hands.

Hyundai

Chung Ju-yung, the founder of Hyundai

Hyundai Motor Company was founded by Chung Ju-yung and his younger brother Se-Yung Chung in December 1967. In 1968. company signed a contract with Ford Motor Company to produce Ford Cortina and Granada in the South Korean market and continues until the end of 1976. Hyundai completed construction of the Ulsan factory for six months and so it is quickly produced by all 118 factories of Ford. For eight years Hyundai gained experience in installation, drawings, specifications, manuals refitted and also trains and engineers.

Starting years

To stimulate economic growth, the South Korean government, formulate a detailed plan for the development and production of Korean cars in 1975. Four Korean companies: Hyundai, Daewoo, Kia, SsangYong and accepted the challenge. Hyundai presents a plan for a new plant with a capacity of 80,000 Korean cars designed to produce each year. Hyundai founded 26 companies in five countries to develop and improve technology refitted.

– 10 companies in Japan and Italy for automotive design.
– 4 companies in Japan and the United States stamping equipment.
– 5 companies in the UK and Germany for casting and forging equipment.
– 2 companies in Japan and Britain engines.
– 5 companies in the United States and Britain for car parts.

Giorgetto Giugiaro’s ItalDesign is the company hired to meet the style and design while Mitsubishi was selected for the engine, transmission, rear axle and foundry technology. Hyundai signed an agreement with the president of British Leyland Motor Corp, George Turnbull and six British experts for a period of three years to create the first engineering model – Pony.

Production began in 1975 and was officially presented Pony in 1976. After the contract with British experts concluded in 1977, Hyundai hires Japanese engineers to solve other problems. In order to export cars in the U.S., Hyundai Pony was sent to the testing, certification and approval in Europe. Pony sales rapidly increasing and they re-signed in 1978., At the 56th International Motor Show in Brussels. That same year, Hyundai sold over 10,000 models.

Hyundai

Hyundai Pony

Hyundai Pony available in several configurations: Pickup-start production started in May 1976.; Estate – in April 1977., And Hatchback 3-door – in March 1980. The Next Generation – Pony 2 was released in January 1982. and customers can choose between a 5-door hatchback and pickup. And Pony, Pony and 2 offer three engine Mitsubishi – 1.2i, 1.4 (70 hp) and 1.6 (74 hp). Tzi hemispheric SOHC engines with two valves per cylinder. While Hyundai expects exports only 5,000 units sold in Canada in 1984. were sold over 50,000.

For the next several years experience with the Hyundai Pony and began work on two new projects. The first is predpopisvane contract for production of Pony, known as Excel. The second is a compact sedan that will replace the Ford Cortina – Stellar. In 1983. Stellar uses a rear wheel drive Cortina, and the design made by Giorgetto Giugiaro. The luxury option offered power windows, locks and mirrors, central locking and boot and air conditioning. Offered are several engines -1.4 and 1.6 liter models under license from Mitsubishi. In 1987. Stelar 2 comes with a new design, 2.0L engine. The old suspension was replaced by Stellar design MacPherson. Emissions that separates Stellar prevented from ever reaching the United States but is sold successfully in Canada and other countries.

Since 1985. Excel (also known as Pony, Presto and the Mitsubishi Precis) was the first car with front wheel drive and was produced until 1994. With Excel, Hyundai finally worth U.S. approval to enter the automotive market in 1985. Excel is available in two versions: 3-door hatchback and sedan. They begin with a starting price of $ 5000. According to Forbes magazine, it is one of the top 10 products of the year. Sold more than 126,000 pieces of the same year, more than ever before. The second generation is sold by Excel 1991. to 1994. engines with Mitsubishi – 1.3, 1.4 and 1.5 liters.

Hyundai Development

Fast development and increasing independence

In 1986. For a Ford Granada sedan, Hyundai offers Mitsubishi to produce their analogue Debonair – Hyundai Grandeur. The first generation Grandeur is until 1992.

Excel’s success led to the expansion of factories in South Korea and chuzhbina. The design of a new Korean plant in Asan began in 1988. an area of 40 acres. In 1990. completed and assessed 250 billion won ($ 125 milion). Asan produces the Sonata and XG / Grandeur. Hyundai opens plant in Bromont, Quebec, Canada. Over the years the factory in Ulsan is spread over an area of 4.8 square meters, making it the largest factory in the world avmobilostroene. Ulsan is home to Getz, Accent, Elantra, Coupe, Santa Fe, Trajet, Matrix, H-1, H-100 and Terracan. Another Korean plant in Chunyo specializes in the production of trucks, buses and special vehicles.

Hyundai engineers have gained experience over the years and kept their own technology and sophistication. The factory in Asan is fully finished first Korean car – 1989. Sonata. Some were made in Korea, and others in Canada. American models were initially offered with a 2,4 L (110 hp) and later 3,0 L V6 – 1990. To other countries offering engine 1,8 L (95 hp) 2.0L (131 hp).

Also in 1989. sports coupe version of Excel was introduced as Scoupe. There are two versions – with air injection and turbo versions. The original 1.5 liters SOHC was later performed on 1.3 liters. Production of Scoupe ends in 1994.

Anxious to move to the interior design brief life Stellar was replaced by Elantra compact sedan in 1991. Elantra e also known as Avante (second generation) and Lantra. The name is Lantra, because Mitsubishi complained that Elantra name was too similar to their Elante. Lotus also complain of similarity with Elan. Elantra is officially named in 2001. Elantra can be purchased with the 1.6 liters 4 cylinder engine with cast iron block and aluminum DOHC heads. Total MFI fuel injection, 4 valves per cylinder and forged steel connecting rods. All this produces about 114 hp at 6000 rev / min and reaches a top speed of 186 km / h

The second generation Sonata beeshe introduced in 1993., Featuring a more modern form reminiscent of the Mazda 626 and Honda Accord. Comes with a 2.0L 4-cylinder SOHC 3.0L V6 with 150 hp Produced in Korea and Canada, but due to decreased sales, the factory was closed in Canada in 1994.

Second-generation Elantra debuted in 1995. in sedan and station wagon. Including 1.6L and 2.0L petrol and 2.0L turbo diesel engines.

Accent-is seen to be introduced in 1995. Ekstsel site. It is also known as the Pony, Excel, Verna, and Brisa. Accent-is seen to be extremely popular in Australia and still holds the record for best-selling imported car. In 1998. achieved a 5.5% share of the Australian market. The second generation, the older Accent was introduced in 2000. Available with a 1.5 liter SOHC-4 with 92 hp, 1.5 L DOHC Inline-4 with 101 hp and 1.6l DOHC with 104 hp.

Hyundai invests heavily in Sedan in 1996. – Hyundai Dynasty. Only available in several markets, but is produced in 2003. and offers a range of 3.0L and 3.5L v6 venue with 205 hp and 225 hp The second is also available in the Kia Sedona, Santa Fe, XG350, Kia Amanti and Kia Sorento.

After a short break after the end of production Scoupe, Hyundai presents a new coupe in 1996. – Tiburon. In various markets it is known as Coupe, Turbulence and Tuscani. Originally offered with 1.6L or 1.8L engine with 114 hp and 129 hp accordingly. Tiburon was first introduced in the U.S. in 1997. with 1.8L and 2.0L engine producing 135 hp

Third generation Sonata was released in 1996. European style design influenced the press and they define it as attractive and original. The fourth generation Sonata enters in 1998. (1999 U.S.) with four engines – 1.8L, 2.0L, 2.4L, and 2.5L V6 produces an impressive 170 hp The warranty of the car is 100,000 miles in the United States.

Soil production of a new economy car, Hyundai Atos was introduced in 1997. He is known by the names Atos Prime, Amica, Dodge Atos, Santro, and Kia Vista. The second generation was marketed in 2003.

Asian Financial Crisis

Asian financial markets and companies going through a difficult period in the late 20th century. Some smart companies such as Hyundai made the best of a very difficult situation. This happens as Hyundai reduced workforce and sell a number of assets. KIA Motors fail and do not have the resources needed to continue. In 1998, the Hyundai Automotive purchased a significant portion of the Kia.

The largest luxury sedan was introduced in 1999. – Equus, better known kato Centennial. A new version in 2006. rear-wheel drive and a choice of engine V8.

During their time to make the biggest company to produce cars and trucks, DaimlerChrysler with CEO Jürgen Schrempp bought a 10.5 percent stake in Hyundai Motor in June 2000 with a plan to build small cars and trucks. The rate was 100,000 units per year.

Elantra new generation appeared in 2000 wagon was already suitable option and replaced with 5-door hatchback. Available with 1.6 and 2.0L engines. Released in 2002 Elantra GT with leather seats.

Unlike the first generation, Grandeur of 2001 (also known as the XG300 and XG350) does not include Mitsubishi technology. Rather, it offers a choice of 3.0L or 3.5L V6. These engines produce 182k.s. and 200 hp accordingly. In the first block is cast iron, aluminum DOHC cylinder heads, MFI direct fuel injection, four valves per cylinder and forged steel connecting rods. United States get facelift in 2003.

Catalyst for change in Hyundai, Chung Mong-Co

The president of Hyundai-Kia Automotive Group was replaced by founder – Chung Ju-yung in 1999. after the great financial crisis and the government it ran for president of Hyundai Group. Before this car company is run by his brother. His son, Chung Mong-headed Co. dealers selling well. In the 80s and 90s of the last century, his uncle is focused on the production of cars. Customers are not satisfied with the quality of products, and this detrimental to the company.

When Mong-Co offers its intention to lead in the Top5 Hyundai car manufacturers, the board of directors are skeptical. Hyundai and many of them controlled Korean companies are very hierarchical and slowly undergo changes. Directors rarely cooperate. Lee Sung-hyun, director of R & D said: When a problem arises, each institution will be responsible for the mistakes of others. ”

The first step of Mong-Co was to rearrange the board of directors to replace them with engineers. This would lead to competition with Toyota. It also worked with consultants and comparative analysis of the best automotive companies. Sent specially selected teams in the U.S. to study road conditions, driver behavior.

There is evidence that the Korean government has requested the resignation of Mong Co., arguing that the company should be guided not by a member of his family. Mong Co., said that he was qualified to head the company.

Mong Co., earned his reputation as a man loving and holding quality. The launch of the new generation Sonata was delayed by two months. Workers in Asan worked feverishly to correct items as a small error in the difference between the two plates near the headlights. The problem was not visible to the human eye, the difference was 0.1 mm. Many managers and employees working on this for 25 days before the issue is resolved.

Hyundai enters a crossover in 2001. with Santa Fe. Besides being a big hit for the company, this is a turning point in the company’s restructuring. Santa Fe is available with two engine Osborne-2.4L (138 hp) 2.7L V6 (170 hp). Initially, more powerful engines had flaws that Hyundai correct. Outside the U.S. offers engine 2.0L CRTD. In response to further requests of the clients, run a new generation in 2003. engine 3.5L V6 (200 hp). Hyundai still continues to be interested in the opinion of our customers and make new improvements each year.

Hyundai presents its new city car in 2002. – Getz. Available in a choice of 1.1, 1.3, 1.6 petrol engines and 1.5 turbo diesel version. Reviews are usually a manual gearbox. The economy in this vehicle was first for engineers.

Hyundai receives customer satisfaction when shown a dramatic facelift of the new Sonata in 2001. (2002 U.S.). Externally the car has a European-style touches borrowed from Mercedes and Jaguar. The interior has been changed, the seats were changed in XG. There are improvements in the transmission, which are included in the engine 2.7L V6. Selling new facelift increase with each passing year. For Hyundai’s lawsuit that horsepower provided by the company are not truthful with Sonata, Santa Fe and less in the Elantra. Before the lawsuit, Hyundai offers owners several benefits, including full one year warranty.

A brand new second generation Tiburon was released in 2003, almost all of the press are favorable and praised the style and handling of the car. Many automotive journalists sravnenyavat car to the famous Ferrari 456GT. Although acceptable, the power of this sports coupe is not like Ferrari and includes a 2.7L V6 with about 172 horsepower

Introduced in 2002. Hyundai Terracan CRTD is available with or 3.5L V6 engines. Terracan name is borrowed from Terra: Latin “to ground” and Khan: Turkish or Asian Tsenralno-king, Genghis Khan.

The plan is to make a big SUV of Santa Fe, but in the U.S. were surprised how Hyundai can make a big Offroad car.

Modern Renaissance

In 2002. Hyundai plans to start revealing a plant in the U.S.. Ultimately, 1,744 acres of pasture in Montgomery, Alabama were selected for future plant. The official opening of the plant costing $ 1.1 billion took place on 20 May 2005. in the presence of thousands of people, including Mayor Bob Riley of Alabama, Then I Dorje President Bush and President Chung Mong-Co. Over 2,000 workers are now employed in the factory, more than 72 companies cooperate supply, creating more than 5,000 jobs.

About two million square feet of area, production facilities include print, paint shop, vehicle assembly shop, 3 km test station and auto shop. In 2006. first car left the factory is Sonata. Hyundai Motor Manufacturing Alabama (HMMA), will produce 300,000 vehicles including the Sonata and Santa Fe. Implanted a robotic assembly methods used in Asan, is recognized as the robotic world.

The first three stages in the manufacture of production: Stamping parts material, welding and painting in the frame of the chassis are made in 300 steps entirely by robots without being touched by human hands. More than half of workers are employed only for assembling components. Once the frame is received after the first three stages, the car goes to the installer, and then be ready for six and a half hours. This test includes three mile route, test the brakes and the last five minutes for washing and testing the water to see if there are leaks and defects in the paint.

In 2004. sold 419,000 units, an increase of 360% compared to the 1998. Activities, except for a small period of silence, the “boom” in sales of Hyundai is transported around the world. Sales in Europe increased by 21% in 2004. In China – where have Hyundai car market, notes staggering 62% growth in sales for 2005. – 233.688 cars. Growth came from model Elantra, which preferred taxi companies and this led to the car is second only to China’s own car Xiali. The company aimed to increase sales by 30% in 2006. up to 300,000 units.

The whole project seeks to increase the number to 600,000 by the end of 2008. Only in China. Hyundai is the number one brand in the growing Russian economy. Where sales increased by 72.5% in 2005. – 87,457 vehicles. With huge annual revenue growth of 20% over the past five years, Hyundai is the fastest growing automakers in the world since 1999.

DaimlerChrysler sells 10.5% stake in Hyundai Motor Company in May 2004, thus ending four years of partnership. In a joint statement, the two car companies agree to “forge alliances, koto to reflect more realistically the current market conditions.” Under the agreement, Hyundai Motors, DaimlerChrysler also takes 50 percent stake in Daimler Hyundai Truck Corp, Hyundai has formed an exclusive partnership with Beijing for the production of sedans in China.

Mong-Co do so in 2004. Sonata is considered the most reliable car in the U.S.. Only 2 problems per 100 vehicles. Former director of Hyundai Motor America says Robert Kozma: “The change really began when he was elected Chairman Mong-Co Chung. Quality is the mantra. The President is very happy and pleased with these impressive results, but he points out that this is only the first step and this is only the beginning. ”

The budget of the Hyundai R & D is raised by 110% since 1999. by 2005. – $ 1.6 billion each year, Hyundai has filed a record number of patents for new technologies.

Hyundai invests $ 200 million in order to open and expand centers in California, Michigan, and near Frankfurt, Germany. In 2003. designers of Hyundai and Kia are moving from Silicon Valley to a new facility on an area of 90.000 square meters in Irvine. This center employs more than 100 designers, engineers tasked with designing vehicles for American tastes.

In 2005. Hyundai opens test site of 4300 acres and valued at $ 60 mL. In the Mojave Desert, California. It includes 10.3 km oval track, 200 acres of forest, 4 km straight track, 6 miles from the hills and complete special flooring and 30.000 m2 office space, which employs about 50 staff.

Hyundai expanded its line in 2005. including small crossover based on the Elantra SUV – Tucson. Even the basic model includes a large list of GL function in safety, even behind the head airbags and electronic stability control. It comes with two engines – 2.0L CVVT (140 hp) and 2.7L V6 (173 hp). You can add AWD for $ 1,500 and the “torque setting” that operate at 2WD, until it finds a lack of grip.

Fifth generation Sonata was launched in 2005., As the model 2006., Including leading and competitive features. Like the first model, it is specifically designed for Northern America be designed in Michigan and California. Sonata is the first focus of Hyundai, which stirs a prerequisite for safety. The company has shown that 120 cars smashed to the test track to improve safety.

Even base models include standard safety features than any vehicle in its class, including air bags for head elektronoen stability control, traction control, brake block, the allocation of braking force, and active under the pillows. Have the following engines: Aluminium – 2.0 and 2.4 CVVT (162 hp) and 3.3 V6 CVVT (235 hp)

Fourth generation Grandeur was launched in 2005. In North America it is known as the Azera. Constructed in greater platform of Sonata, Grandeur / Azera includes Gholam 3.8L engine with 263 hp It has more things in the interior of the old BMW 760i, Mercedes S-class, Toyota Avalon. Available with 16 “or 17” wheels. Luxury accessories are rain sensor, rear ventilation openings, dual zone climate control, control pedal and hardness of the seats.

Hyundai introduced the third generation Accent international auto show in 2005. in New York. Sold as a model 2006. The space between passengers has increased significantly.

In March 2001. founder Chung Ju-yung was admitted to National Medical Center in Seoul. The diagnosis is pneumonia, but it deteriorated and he died on 21 March 2001. in one of the hospitals that he built. It is a national Georg Korea. Spent more than $ 57 million in 1946. to base their business related with Hyundai.

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