The Hyundai Motor Company (; , , modernity; ) is a South Korean multinational automotive manufacturer headquartered in Seoul, South Korea. The company was founded in 1967 and, along with its 32.8% owned subsidiary, Kia Motors, together comprise the Hyundai Motor Group, which is the world's fifth largest automaker based on annual vehicle sales . In 2008, Hyundai Motor (without Kia) was ranked as the eighth largest automaker. , the Company sold over 4.4 million vehicles worldwide in that year, and together with Kia, total sales were 7.12 million.