Hyundai Europe will become a part of ACEA, the European Automobile Manufacturers Association, as a member effective January 2012. The organization allows vehicle manufacturers in the region to participate in shaping the EU automotive policy.
The ACEA also works to distribute industry information to the public. Among the existing members of ACEA are Volkswagen AG, General Motors Europe, Ford of Europe, FIAT S.p.A., Daimler AG and BMW AG.
The automotive industry in the EU region provides direct employment to at least 2.3 million people. It also supports 10 million jobs in related sectors.
ACEA members invest more than 26 billion in research and development annually. In a statement, Secretary General Ivan Hodac of ACEA said that the organization is convinced that the company will have valuable input for the association. Germany-based Hyundai Motor Europe entered the region way back in the late 1970s.
Currently, the company produces the i30 five-door hatchback and station wagon models at its facility in Nosovice, Czech Republic. Based on the data of ACEA, the company sold 35,333 cars in April in the region, or an increase of 28.1 percent against year 2010 results.
This gives the company a market share of 3.1 percent in Europe. Hyundai is looking forward to contributing to the organization’s valuable work in Brussels, according to President of Hyundai Motor Europe GmbH, Chang Kyun Han.