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18 - The Development and Diffusion of the Hyundai Production System

from Part III - Lean Production Around the World

Published online by Cambridge University Press:  11 March 2021

Thomas Janoski
Affiliation:
University of Kentucky
Darina Lepadatu
Affiliation:
Kennesaw State University, Georgia
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Summary

Hyundai Motor Company (hereafter HMC) is a “Cinderella” case of the global auto industry, in that it has shown strong growth from a Korean small domestic automaker in South Korea (hereafter Korea) to one of the major contenders in the global auto markets over the past decades. The history of HMC, which started its manufacturing operation to assemble American-designed cars (i.e., the Ford Cortina CKD) for local consumption, has since exemplified a success story of transforming its fortunes “from rags to riches” (Wright et al. 2009). Since 2010, the Hyundai Motor Group, comprised of HMC and Kia Motor Company (KMC), has been ranked among the global top five automakers, both in terms of production volume and sales units worldwide (Song 2017).

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The Cambridge International Handbook of Lean Production
Diverging Theories and New Industries around the World
, pp. 448 - 466
Publisher: Cambridge University Press
Print publication year: 2021

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