2018/07/12 Time period. Hyundai Motor Group includes HYUNDAI, KIA, GENESIS and more affiliates in other industries such as construction, steel, finance etc. Toyota has returned JPY 5.9 trillion to its shareholders in the form of dividends and buyback over the last five years, or 31% of its current market capitalization, while GM has committed to a gross cash ceiling of USD 18 billion, with a promise to return excess cash to shareholders, including a USD 4.5 billion buyback in 2017. Recently, Hyundai Hydrogen Mobility – a joint venture (JV)between Hyundai and H2 Energy – was honored with the second-ever InternationalTruck of the Year (IToY) Innovation Award for its initiative to expand Europe’shydrogen mobility ecosystem by implementing the use of fuel cell trucks.In November, French aeronaut and president of the SolarImpulse Foundation Bertrand Piccard broke the world record for the longestdistance traveled in a hydrogen-powered vehicle on a single fueling by drivinga Hyundai NEXO for 778 km.Also, considering the high level of interest of governmentsin response to climate problems, we will further collaborate with regional andnational hydrogen associations to jointly analyze the current status ofgovernment policies, regulations and technologies, to provide viabletechnological solutions and policy suggestions.Decarbonizingthe transportation sector through hydrogen is a crucial step in building a pathwaytoward the Council’s vision for 2050. Hyundai Motor Company Investor Relations - Explore Hyundai's Board of Directors and shareholders information at the official Hyundai Worldwide website. Our resolutions to be voted upon by all shareholders on March 22 demonstrate the scope of reform required to address Hyundai Motor Group’s performance challenges:But plagued by governance issues and with little mechanism available for holding management accountable, the Group has suffered a period of underperformance starting in September 2014, when HMG announced the acquisition of KEPCO land for KRW 10.6 trillion, paying an eventual price tag closer to KRW 13 trillion with taxes and social contributions applied. Hyundai Motor Group pursues cooperative and balanced growth with its stakeholders, rather than focusing on its own quantitative growth. By taking decisive steps to reform their corporate structures and shareholder-return policies, HMG’s peers have left Hyundai Motor Group as the last major corporate group in Korea with an unreformed legacy shareholding structure and no plan to address it.It is our view that a consensus has formed around the principles underlying our proposals for HMG.
Meanwhile, management presses on with preparations to spend KRW 5-6 trillion on a new headquarters.Elliott Urges Shareholders to Vote for Change at Hyundai Motor GroupHighlights shareholder consensus that status quo is no longer acceptableThroughout our efforts to communicate the need for change at HMG, market commentators and industry experts have overwhelmingly agreed on the need for reform at HMG.
Hyundai's automotive history in America started in 1968 when Hyundai trained with Ford Motor Company.