Hyundai Motor Europe to become ACEA member from 2012
London, 9/06/2011 – The General Assembly of ACEA, the European Automobile Manufacturers Association, has accepted the application by Hyundai Motor Europe for membership of the association. Membership will take effect in January 2012.
“We welcome Hyundai in our midst and are convinced the company will make a valuable contribution to the work of our association”, said Ivan Hodac, Secretary General of ACEA. Mr Chang Kyun Han, President of Hyundai Motor Europe GmbH, said: “We are delighted that Hyundai Motor Europe’s application to join ACEA has been formally approved. As a significant European automobile manufacturer, Hyundai looks forward to contributing fully to ACEA’s important work in Brussels.”
The European automotive industry is key to the strength and competitiveness of Europe and a world leader in improved vehicle safety and technologies that help limit the environmental impact of transport. The automotive industry is also one of the most regulated sectors in Europe and much of this regulation is very technical in nature. The auto manufacturers stress that a competitive regulatory framework is of utmost importance to sustain high levels of employment and innovation.
About Hyundai Motor Europe
Hyundai Motor has been present in Europe since the late 1970s. With increasing appreciation by European consumers and expanding network of retailers, the company hopes to record five million sales in Europe during the course of 2011. Hyundai Motor Europe GmbH (‘HME’), the company’s European subsidiary, is located in Offenbach, Germany. HME coordinates all European marketing, sales and after-sales activities.
Hyundai Motor Europe Technical Centre (‘HMETC’) is located in Rüsselsheim, Germany. HMETC is one of Hyundai’s key design centres in the world. To date Hyundai has invested €1.1 billion in its manufacturing plant in Nošovice in the Czech Republic, which currently produces over 50% of its vehicles for the European market and employs about 2.600 directly with this number increasing with the third shift expected this summer.
- The European Automobile Manufacturers’ Association (ACEA) represents the 16 major Europe-based car, van, truck and bus makers: BMW Group, DAF Trucks, Daimler Truck, Ferrari, Ford of Europe, Honda Motor Europe, Hyundai Motor Europe, Iveco Group, Jaguar Land Rover, Mercedes-Benz, Renault Group, Stellantis, Toyota Motor Europe, Volkswagen Group, Volvo Cars, and Volvo Group.
- Visit www.acea.auto for more information about ACEA, and follow us on www.twitter.com/ACEA_auto or www.linkedin.com/company/ACEA/.
- Contact: Cara McLaughlin, Communications Director, email@example.com, +32 485 88 66 47.
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About the EU automobile industry
- 12.7 million Europeans work in the auto industry (directly and indirectly), accounting for 6.6% of all EU jobs.
- 11.5% of EU manufacturing jobs – some 3.5 million – are in the automotive sector.
- Motor vehicles are responsible for €398.4 billion of tax revenue for governments across key European markets.
- The automobile industry generates a trade surplus of €76.3 billion for the EU.
- The turnover generated by the auto industry represents more than 8% of the EU’s GDP.
- Investing €58.8 billion in R&D annually, the automotive sector is Europe’s largest private contributor to innovation, accounting for 32% of total EU spending.