Who owns Hyundai Motor Group? Hyundai is one of the most popular brands on the market. They have many high-quality vehicle selections, from the iconic Hyundai Elantra to the Hyundai Tucson. If you’re interested in this brand for your life, you might wonder – who owns Hyundai? Who oversees creating these cars, and where do they come from?
If you’re interested in learning more about who owns Hyundai, you’ve come to the right place. Read on to learn more about the owner of this company, where Hyundai comes from, and where the vehicles come to life. The more you know about the brand, the easier it will be to determine if it’s the right choice for you.
Who Owns Hyundai Motor Group?
According to consumerreports.org, the owner of the Hyundai Brand is the Hyundai Motor Company. This corporation is powerful. It also owns part of the Kia and Genesis brands, stretching further across the market than many other car companies. Hyundai is a quality brand with an opportunity for growth.
Jose Munoz is the current president and COO of the company. He’s also the first CEO of their North American branch, allowing for more focus on the cars produced in the states. They have carefully thought through expansion and potential ownership of other companies in the coming years.
Hyundai has existed for more than fifty years, starting across the ocean, and expanding all around the globe. Although they have had rough years, Hyundai has excelled in its recent history. They have made their presence in the United States of America and continue to expand their global market.
Are Kia and Hyundai Owned by The Same Company?
Kia and Hyundai are both in South Korea, operating in close quarters to each other. Although Kia and Hyundai are not owned by the same parent company, Hyundai does have a stake in the Kia brand. According to kiadelray.com, Hyundai owns 33% of the Kia brand, giving them a large chunk of ownership in their fellow Korean company.
Kia and Hyundai offer an excellent variety of vehicles, from sedans to hatchbacks and everything in between. They are ideal family vehicles, perfect for commuting from one location to another. They have comparable models across styles, permitting interested parties to select from the brand they enjoy more. Hyundai has a stake in both.
Kia vs. Hyundai: Car Brand Differences
The main difference between Kia and Hyundai is that they manufacture two different line-ups that you can find in the Portland area! Kia and Hyundai are both great automobile companies, but their differences are what make them strong competitors in the auto industry! Here are some differences between Kia and Hyundai:
- Design: You will notice that Kia and Hyundai have designed very unique model lineups. Hyundai is known for their bold presence and refined curves while Kia offers a sporty look.
- Popularity: Kia and Hyundai are popular for their range of model sizes. You can find something for everyone.
- Largest Models: If you want to compare the largest Kia vs. Hyundai models, Kia offers the Telluride while Hyundai offers the Palisade or larger mid-size crossover, Santa Fe.
- Price: Kia and Hyundai offer comparable base trim prices.
Is Hyundai Korean or Japanese?
Many people assume Hyundai vehicles are Japanese. However, that isn’t the case. According to stouffvillehyundai.com, the Hyundai brand originates from South Korea. They started small and expanded into what they are today, shifting from a tiny country and moving outwards into the rest of the world to become the international brand they are now.
Japanese and Korean-made cars are similar in many ways. They put special care into their design, ensuring their vehicles are practical and efficient. However, you are more likely to find convenience and luxury pushed inside Korean cars. They provide more for those who want to spend less on their machines.
Where Are Hyundais Made?
The Hyundai brand comes from South Korea and has manufacturing plants in the country. However, with its global influence, the company must create vehicles in other countries for the most practical results. There are two additional locations where Hyundais come to life.
According to autoguide.com, here are a few locations where Hyundais are made in:
- South Korea
- Mexico
- Alabama
These locations offer plenty of manufacturing for the company to ensure people everywhere have access to their offerings.
If Hyundai continues to grow, it may open additional manufacturing plants. They are effective and know what they are doing in the business world.
Are Hyundai Cars Worth It?
Hyundais might seem appealing. They have had low prices and reliable repair and maintenance over the years. However, these don’t necessarily mean the brand is worth it. With their shaky past, is an investment in a Hyundai the right idea for your next vehicle choice?
Although the choice is ultimately yours, according to woodstockhyundai.com, here are a few reasons to invest in a Hyundai vehicle:
- High value for money spent
- Reliable selection
- Safe, despite the lower price
- Multiple features packed in base models
- Excellent warranty
They are much better than they have been in past years.
Hyundai is not the same as luxury brands or American standards like Ford. However, they have made a stand in the car market. Under quality ownership, they have improved over the years and have some excellent options for interested parties. If you want affordable and safe, a Hyundai car is a quality choice.
FAQs
Which is better Kia or Hyundai?
While Kia and Hyundai offer similar vehicles, Kia models offer better value and better quality, with bolder styling and a more dynamic driving experience. Simply put, Kia vehicles are all-around better vehicles, no matter what you value most in your car.
Why are Hyundais so cheap?
They’re made in bulk, offer older technology, are made with less expensive parts, and are in low demand. Despite these qualities, they are some of the best quality vehicles you will find for this price.
Are Hyundai’s reliable?
According to RepairPal, Hyundai boasts a reliability rating of 4.0 out of 5.0, ranking 4th out of all 32 car brands. In addition, Hyundai ownership is on the inexpensive side, with only $468 annual repair costs of scheduled and unscheduled repairs. That’s way below the $652 average across all vehicle models.
Above is information about Who owns Hyundai Motor Group? that we have compiled. Hopefully, through the above content, you have a more detailed understanding of Are Kia and Hyundai owned by the same company? Thank you for reading our post.
