Hyundai Motor Company is a South Korean automotive manufacturer.
The Hyundai Motor Company, commonly known as Hyundai Motors, is a South Korean multinational automotive manufacturer headquartered in Seoul. Hyundai Motor Company was founded in 1967 and, along with its 32.8% owned subsidiary, Kia Motors, and its 100% owned luxury subsidiary Genesis Motor, altogether comprise the Hyundai Motor Group. It is the third largest vehicle manufacturer in the world.
Hyundai operates the world’s largest integrated automobile manufacturing facility in Ulsan, South Korea which has an annual production capacity of 1.6 million units. The company employs about 75,000 people worldwide. Hyundai vehicles are sold in 193 countries through some 5,000 dealerships and showrooms.
Tesla has been affected by the pressure from the coronavirus outbreak in China, where it has decided to temporarily close all its stores. The move will delay unit delivery to customers who had ordered. TSLA stock price is falling.
South Korean automobile giant is making big moves in the premium SUV segment. It is also considering a potential market in the flying taxi industry and has collaborated with Uber in this space.
With the fears of the global economic recession hovering around, big organizations and governments have a key decision-making-role to set the tune ahead. Here are the five wild predictions across industries which can decide the future course of the global economy in 2020.