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Hyundai Motor Company was named the PricewaterhouseCoopers and Automotive News 2005 Global Automotive Shareholder Value Award winner, underscoring Hyundai's emergence as a top-tier global automaker.
Presented at the 30th Automotive News World Congress in Dearborn, Mich., the award recognizes automotive manufacturers, suppliers and retail distributors with the top shareholder return.
According to the PricewaterhouseCoopers Shareholder Value Index (SVI), Hyundai has posted shareholder returns of 80 percent and 329 percent over the past one- and three-year periods, respectively. The SVI is accepted as the standard measure of relative shareholder value in the automotive industry. Hyundai also received this recognition in 2003.
Developed seven years ago by PricewaterhouseCoopers, the Shareholder Value Index (SVI) reflects the growing importance of shareholder value for publicly traded automotive companies. It looks at the value of $100 invested in a stock over one- and three-year periods, and compares relative returns generated by different companies and industry segments. The result is an objective and reliable measure of shareholder value for stock market-listed automotive companies. This year, Hyundai Motor Co. was among four companies awarded the Shareholder Value Award.
Established in 1967, Hyundai Motor Co. has grown into the Hyundai Kia Automotive Group which includes Hyundai Mobis and over two dozen auto-related subsidiaries and affiliates. Employing over 68,000 people worldwide, Hyundai Motor posted US$26.1 billion in sales in 2004 (on a non-consolidated basis). Hyundai motor vehicles are sold in 193 countries through some 5000 dealerships and showrooms. Hyundai Motor Co. is a sponsor of the 2006 FIFA Germany World Cup. Further information about Hyundai Motor Co. and its products is available at http://www.hyundai-motor.com
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