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 * EARNHARDT HYUNDAI

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 * Home
 * New
   * Search Inventory
   * No Bull Express - Shop From Home
   * Hyundai Showroom
   * Hyundai Shopper Assurance
   * Hyundai Drive
   * Owner Assurance
   * Trade Appraisal
   * Hyundai EV Education
 * Pre-Owned
   * Search Inventory
   * About Hyundai Certified Pre-Owned
   * Certified Pre-Owned Vehicles
   * Vehicles Under 25k
   * Find My Car
   * No Bull Express - Shop From Home
   * Schedule Test Drive
   * CarFax 1 Owner
   * Trade Appraisal
   * Buy Your Car Back
 * Specials
   * Special Offers
   * Incentives
   * Pre-Owned Specials
   * College Grad Rebate
   * Manufacturer Rebates
   * Military Program
   * First Responders Program
   * Mobility Program
   * Service & Parts Specials
 * Finance
   * Finance Department
   * Online Credit Approval
   * Payment Calculator
   * Sell Your Car
   * No Bull Express
   * Vehicle Protection Plans
 * Service
   * Hyundai Service
   * Schedule Service
   * Service Specials
   * Hyundai Warranty
   * Hyundai Assurance
   * Complimentary Maintenance
   * Oil Change
   * Brakes
   * Batteries
   * Recall Information
   * Hyundai Owner Assurance
   * Blue Link
   * Earnhardt Auto Glass
   * Hyundai Roadside Assistance
   * Hyundai Car Care
   * America's Best Warranty
 * Parts
   * Order Parts
   * Parts Specials
   * Tire Center
   * Accessories
 * Models
   * Hyundai Model Research
   * Model Comparisons
   * Hyundai Palisade
   * Hyundai IONIQ 5
   * Hyundai IONIQ 6
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   * Hyundai Elantra
   * Hyundai Venue
   * Hyundai Sonata
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   * Hyundai Owner Portal
   * Leave Us a Review
   * Contact Us
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   * Phoenix Children's Hospital
   * Hope On Wheels
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   * Hours & Directions
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HYUNDAI HISTORY


THE HYUNDAI MOTOR COMPANY FOUNDING CHAIRMAN



HYUNDAI'S FOUNDING CHAIRMAN


CHUNG JU-YUNG - 1915 - 2001


Chung Ju-Yung was born in North Korea in 1915 as the eldest son of a poor
peasant farming family. At the age of 18, he set off for good to Seoul with
hopes of finding a better life.

Success was not immediate. He worked in various jobs, such as railway
construction, bookkeeping and dock work. Mr. Chung's first experience as an
entrepreneur came in 1938 when he started his own rice store. However, he was
forced to close his business a year later because of the policies of the
Japanese occupation forces.

After the liberation of Korea in World War II, Mr. Chung went into business
repairing trucks for U.S. Armed Forces. He then went into the engineering and
construction business, eventually building multibillion-dollar mega-projects
around the world.

His venture into the shipbuilding business is legendary. Despite a lack of
experience in shipbuilding, he persuaded a customer to give him an order to
build a ship for tens of millions of dollars. Now the company that he started is
the largest shipbuilder in the world.

By sheer force of effort and creativity, Mr. Chung built businesses that helped
make Korea the economic powerhouse that it is today. From humble beginnings, he
rose to great heights. But even at the peak of his success, he remained
disciplined, lived simply and worked hard.

In his final years, he turned his efforts toward the reunification of Korea.
This son of a farmer sought to open avenues of communication between the North
and South Korean governments and between the people, north and south. In private
talks with leaders, in cross-border business ventures and in grand gestures,
such as driving 1000 cattle back to North Korea, he helped bring hope back to
the most cherished goal of reuniting the Korean people. It may well be that this
final act of kindness and concern, while acting as an ambassador of peace, may
be viewed by history as Mr. Chung's greatest achievement.

Our Honorary Founding Chairman had many great philosophies that he lived by, but
the one that we should all remember is: It is failures rather than successes
that teach us invaluable lessons - It is not necessary to remember one's
success. That should be remembered by others instead. Rather, we should remember
our losses and failures - Those who forget their failures will fail again and
again.

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HYUNDAI - AN OVERVIEW


Hyundai's cars and sport utility vehicles continue to provide customers a high
level of content and performance at an affordable price. Every vehicle in the
lineup demonstrates Hyundai's emergence as an auto manufacturer whose products
compete successfully in technology, quality, styling and refinement with
automobiles from around the world.

Hyundai sold its first car, the subcompact Excel model, in the U.S. in 1986. At
the time, few Americans had ever heard of Hyundai or its products. Since that
time, Hyundai has expanded and upgraded its product line in the U.S. and now
accounts for more than two percent of the U.S. auto market.

Hyundai now markets a full line of vehicles from the subcompact Accent to the
award-winning Santa Fe sport utility vehicle to the luxurious XG350 sedan. The
vehicles were developed exclusively by Hyundai Motor Company and are fitted with
engines and transmissions designed and engineered by Hyundai.



HYUNDAI MOTOR COMPANY


Chung Ju-Yung founded the Hyundai Motor Company in 1947 as Hyundai Engineering
and Construction Co. Hyundai Motor Co. (HMC), established in 1967, is the auto
sales leader in the Korean domestic market and exports vehicles to 190 countries
worldwide.

Hyundai Motor Co. operates the world's largest integrated automobile
manufacturing facility in Ulsan, located on Korea's southeast coast. In 1996,
Hyundai opened the Namyang Technology Research Center, which includes a complete
testing facility with a 2.8-mile oval test track and a new $40 million
aeroacoustic wind tunnel. That same year, HMC began production at its
state-of-the-art Asan Plant, located southeast of Seoul.

Hyundai now operates eight research centers in Korea along with four
international centers, including Hyundai America Technical Center, Inc., in Ann
Arbor, MI, and Hyundai California Design Center in Fountain Valley, CA.
Hyundai's automotive technology centers employ approximately 4,100 researchers
with an annual budget of five percent of current revenues. Current research
projects include: electric-powered vehicles, low-emission gasoline engines,
solar- powered vehicles, hydrogen-powered fuel cell vehicles and other
alternative fuel vehicles.

The Hyundai California Design Center, established in 1990, creates and develops
both production vehicles and cutting-edge design concepts for the automotive
market. Several innovative vehicles have emerged from the design center
including three concept roadsters, HCD-1, HCD-2, HCD-6, a hybrid sport utility
vehicle, HCD-3, the CrossTour sport utility vehicle (HCD-5) and the HCD-7 luxury
sedan. The influence of the California Design Center can be clearly seen in the
sleek lines of the first generation Hyundai Tiburon sporty coupe and the Santa
Fe sport utility vehicle.

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A LOOK BACK - HYUNDAI ENTERS THE U.S. MARKET



HYUNDAI NORTH AMERICA

The timing of Hyundai's entry into the U.S. market in 1986 was ideal. At that
time, most automobile manufacturers had abandoned the entry-level market in
favor of high-end, high-priced vehicles, leaving a large void in the market.
First-time car buyers such as college students and young families were not able
to find adequate, value-equipped cars that met their needs, yet were priced
within their economic means.

In February 1986, Hyundai launched its subcompact Excel model in the U.S.
market. Customer response was immediate; in just seven months Hyundai Motor
America had sold its 100,000th Excel. Total 1986 sales numbered 168,882 - an
industry record for an import car distributor in its first year. Hyundai sales
averaged 1,431 units per dealer, another sales record. In 1987, Hyundai sales
continued to soar, reaching a record of 263,610 units.

What makes this sales performance even more remarkable is that it was done with
dealers located in only 31 of the 50 states. In the early years, Hyundai
concentrated its sales efforts primarily on the West and East coasts, as well as
in the southern states. In 1987, Hyundai expanded into the central portion of
the United States, opening a central region office near Chicago. Today there are
four regions and nearly 600 Hyundai dealerships nationwide.

As the presence of Hyundai automobiles and Hyundai Motor America continued to
grow in America, the company began to expand its operations and service networks
nationwide to more effectively serve the needs of dealers and customers. In
1988, HMA opened a $21 million, 300,000 square-foot parts distribution center in
Ontario, CA, to facilitate parts deliveries to Hyundai's expanding dealer body.
The next year, HMA opened a $16.6 million, 342,000 square-foot office complex
and parts distribution center in Aurora, IL. There is an additional parts
distribution center in Lawrenceville, GA and a Warranty Technical Center in
Fountain Valley, CA.

Today, Hyundai also has regional offices in Jamesburg, N.J., Austell, GA,
Aurora, IL and Coppell, TX. In addition, the New Jersey facility also
incorporates a parts distribution center.

In 1990, Hyundai Motor America moved its national headquarters from Garden
Grove, CA, to a new 18-acre site in nearby Fountain Valley, CA - an investment
of $18 million. In addition to corporate offices, this facility also houses
HMA's western regional office, Hyundai's California Design Center, the National
Service Center and the National Headquarters of Hyundai Motor Finance Co.

Hyundai Motor Finance Co. (HMFC) launched in 1990 with a capital investment of
$15 million and 22 employees. HMFC now employs nearly 200 people and has
accumulated a portfolio of nearly $500 million. Hyundai Motor Finance Co. serves
Hyundai dealers nationwide with individual customer financing and dealer
inventory financing.


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