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The Hyundai Motor Company was established in 1967, the automotive arm of the Hyundai "chaebol", or conglomerate company.

The Cortina, the company's first vehicle, was co-developed with Ford Motor Co. in 1968. The American automaker sold the mid-sized sedan primarily in European and Asian markets. Hyundai's first fully-developed car, the Pony, debuted in 1975.

The Hyundai Excel, the company's wholly-owned vehicle, debuted in the U.S. market in 1986. Due to its staggeringly low price, buyers snapped it up and the vehicle set a record (over 168,000) as the most imports sold at its debut. Unfortunately, the Excel's questionable quality
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