Founded in the mid-1940s as a construction company, Hyundai eventually became South Korea's largest conglomerate company. Instrumental to its growth was its auto-making arm, which produced its very first vehicle in the mid-1960s.
The Hyundai Motor Co. was founded in 1967. The following year, the new company signed a contract with Ford to assemble and sell a car called the Ford Cortina for the South Korean market. It was produced for the country until 1976.
Cortina's Production Run
The Cortina was produced worldwide until 1982. During its run, it went through five generations of production, dubbed Mark I through Mark V.
The Hyundai Pony was the first car solely produced by Hyundai. The automaker introduced it in 1975, a product of the South Korean government's goal to make indigenous automobiles in order to spur economic growth.
Pony's Production Run
Hyundai produced the Pony for the rest of the world until 1988; production stopped for South Korea in 1990. The Hyundai Excel, already in production, was considered the Pony's replacement.
Today, Hyundai is recognized as one of the four Asian auto-making giants, alongside Toyota, Honda and Nissan. Coincidentally, Hyundai replaced Cortina collaborator Ford as the fourth-largest automobile manufacturer in the world in 2010.
How Much Does It Cost to Build a Car Wash?
Building a car wash business takes a lot of work and research. Of course, you can find companies that will do it...
Mustang Car Facts
The Ford Mustang was first unveiled on April 17, 1964, to an audience of thousands at the World Fair in New York...
What Is the Relationship Between Kia and Hyundai?
Both Kia and Hyundai were founded in the 1940s with headquarters in Seoul, South Korea. Although both began as independent companies, Hyundai...
How Many Amps Does a Hyundai Sonata Stereo Have?
The mid-sized Hyundai Sonata is manufactured by South Korean automaker Hyundai Motors. This sedan is available in four versions -- GLS, SE,...