COSTA MESA, Calif., December 22, 2011 – The February 2012 issue of Motor Trend ranks Hyundai Motor Company Chairman Chung Mong Koo second among all auto industry executives on its “2012 Power List”. The magazine says “His ambitions scare the competition” and he moved up three spots from his fifth-place ranking a year ago.
Motor Trend editors wrote:
“Hyundai and its 70-percent-owned subsidiary, Kia, have met every goal Chung has set over the years. Competitors from Toyota to VW to Ford and GM ask first about their latest models, which are selling on design and features more than on price.”
Chung took on the role of Chairman in 1999. Under Chung’s leadership Hyundai transformed itself into a global powerhouse through his relentless focus on quality, technology and design. He has pushed Hyundai Motor’s international expansion in markets such as China, India, Turkey, Brazil, Czech Republic and the United States.
Chairman Chung was also profiled as a 2011 Automotive News “All Star” which noted that he has put “rivals – both Japanese and American – on the ropes.” Through November 2011, Hyundai global sales were up 11.4%.
HYUNDAI MOTOR COMPANY
Established in 1967, Hyundai Motor Co. has grown into the Hyundai Motor Group which has ranked as the world’s fifth-largest automaker since 2007 and includes more than two dozen auto-related subsidiaries and affiliates. Hyundai Motor, which has six manufacturing bases outside of South Korea, sold approximately 3.6 million vehicles globally in 2010. Hyundai vehicles are sold in 186 countries through some 5,300 dealerships and showrooms. Further information about Hyundai Motor and its products is available at www.hyundai.com.
HYUNDAI MOTOR AMERICA
Hyundai Motor America, headquartered in Costa Mesa, Calif., is a subsidiary of Hyundai Motor Co. of Korea. Hyundai vehicles are distributed throughout the United States by Hyundai Motor America and are sold and serviced through more than 800 dealerships nationwide. All Hyundai vehicles sold in the U.S. are covered by the Hyundai Assurance program, which includes the 5-year/60,000-mile fully transferable new vehicle warranty, Hyundai’s 10-year/100,000-mile powertrain warranty, and five years of complimentary Roadside Assistance.