Established in 1967, Hyundai Motor Co. has grown into the Hyundai-Kia Automotive Group which was ranked as the world?s fifth-largest automaker since 2007 and includes over two dozen auto-related subsidiaries and affiliates. Employing over 75,000 people worldwide, Hyundai Motor sold approximately 2.8 million vehicles globally in 2008, posting sales of US$25.6 billion on a non-consolidated basis (using the average currency exchange of 1257.5 won per US dollar). Hyundai vehicles are sold in 193 countries through some 6,000 dealerships and showrooms. Hyundai Motor Company Korea has also displayed a high level of commitment to Southern Africa?s future, both from an economic and political point of view. Hyundai Motor Company Korea is clearly serious about the automotive market and that we are in Namiba to stay. Hyundai Motors Namibia will continue to expand its model range, and facilities ahead of demand, to ensure that it leads, rather than follows, in the Namibian automotive industry.
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