Recently, according to informed sources, the major Korean automakers Hyundai Motor and Kia Motors announced the purchase of the financial corporation Hyundai Capital from General Electric. The transaction price is generally $ 599,5 million. (Hyundai will pay $ 81,800,000 for 3% of shares, and the company Kia Motors will acquire a 20% stake for $ 517.7 million.) This is one of the largest agreements in the automobile industry in 2015.
Hyundai Capital is a joint Hyundai Motor Company and General Electric, which provides assistance in the area of ??loans for cars and car leasing. The company was founded in 1993 and today it is one of the largest enterprises that fund the automotive industry in South Korea and in the world market.
Hyundai Motor is the South Korean company, which is the fourth largest global company engaged in the production and sale of automobiles. The company has nearly 5,000 salons worldwide. In 2014, the group has gone through a sharp drop in net income, with the global crisis of 2008. Revenues decreased by 19% in the fourth quarter of the year to $ 1.5 billion.
Kia Motors is the seventh-largest car maker, in 2014 it reached the appraised value of $ 5.4 billion USA.
Critics look at that deal positively, and see in it the potential to build spheres of influence in the automotive industry for two major concerns.
According to analysts, this acquisition is a definite strategy. At the same time, representatives of the companies-buyers announce their plans in the future to buy another 20% of the remaining shares of the company General Electric, thus strengthening its position.
Company Continues Strategic Expansion Adding New Service Capabilities, Talent, and Broadening Nearshore Footprint SAN JOSE, Calif.—January 5, 2023— GlobalLogic Inc., a Hitachi Group Company and Digital Engineering Leader, today announced the acquisition of Hexacta, a Pan-Latin-America digital and data engineering company. The acquisition is part of GlobalLogic’s continued strategy to expand its offerings, and its […]
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Intellias, a global software engineering and digital consulting company, has announced the completion of its acquisition of Digitally Inspired, a fast growing, UK based peer, focusing on the Retail and eCommerce industry. “I am delighted to welcome the Digitally Inspired team to Intellias. It is symbolic that Intellias’ twentieth anniversary coincided with signing an agreement […]
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President of the United States Donald Trump is studying the issue of prohibition of Chinese company Alibaba in the US. “Well, yes. We study and other things” – quotes his words the portal. In such way Trump answered for the question of whether the government does not intend to ban the work of other major […]Next
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