Hyundai 2007 Annual Report Download - page 34

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MANAGEMENT
32
Laying the Foundation for Global Excellence
Forty years of innovation have made Hyundai Motor Company one of
the largest and fastest growing carmakers in the world. Even with the
fall of the Korean currency and rising raw material costs in 2007,
Hyundai Motor Company produced 911,342 cars in its overseas
facilities and recorded positive growth in international sales. This was
on top of improved labor-management relations in the form of a no
strike collective wage agreement.
Strong international sales were backed by brand recognition in
markets around the world. In India, we completed construction of our
2nd production facility. In Europe, the newly released i30 was met
with praise for its high quality and superior design. In the US, the
Veracruz SUV was favorably reviewed by the Washington Post,
Business Week, Motor Trend and other automobile publications. The
Santa Fe and Elantra (Avante) were also named first in their class by
Consumer Reports. The Azera (Grandeur), Santa Fe and Entourage
were voted best in overall quality by Strategic Vision.
1. Hyundai Motor Company officially opens its second manufacturing plant in India,
further strengthening the company’s presence in the region.
2. Chairman Mong-Koo Chung visits Hyundai Motor’s second manufacturing plant in
India, the company’s newest global-scale production facility.
3. Chairman Mong-Koo Chung attends the 4th Jeju Peace Forum as part of Yeosu
city’s bid to host the world expo.
4. Chairman Mong-Koo Chung attends the opening ceremony for Hyundai Motor’s new
facility in Turkey-production in that country is expected to increase to 100,000 units.
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