Hyundai Extends Partnership with FIFA THROUGH
2022 FIFA World Cup™
FOUNTAIN VALLEY, Calif., Dec. 6, 2010 – With the host countries officially announced for the 2018 and 2022 FIFA World Cup™, Hyundai has extended its agreement with the world soccer governing body, FIFA, to an unprecedented long-term commitment for sponsoring the FIFA World Cup™ in 2018 and 2022 as the official automotive partner.
Based on the success of its sponsorship over the past three FIFA World Cups, Hyundai decided to renew the partnership agreement four years ahead of the expiration date, showing the dedication and commitment the two organizations have toward each other with shared corporate values and visions. The additional eight year extension will entitle Hyundai to gain sponsorship rights to all FIFA competitions, exclusive marketing opportunities, extensive global media exposure and affiliation with FIFA's special events and development initiatives.
“Since our first association with FIFA in 1999, our commitment and support for FIFA has been unrivaled,” said Mong-Koo Chung, Chairman and CEO of the Hyundai Motor Group. “FIFA has set a benchmark for us, pushing our brand value and exposure to the highest levels. We are confident that this renewal will further enhance our business values and corporate vision.”
Hyundai has already demonstrated itself to be a reliable and effective FIFA partner, having served as the official automotive supplier in the 2002, 2006 and 2010 FIFA World Cup™. As the Official Automotive FIFA Partner, Hyundai will put forth its best endeavors to support FIFA for the efficient transportation operation on a global basis for the next twelve years, including the current contract term until 2014. Hyundai will provide a full range of models to satisfy all requirements for the three editions of FIFA World Cup™ in 2014, 2018 and 2022 and other FIFA competitions through its sprawling distribution network.
“We are extremely happy to extend the partnership with Hyundai as one of the top FIFA partners who will provide active support for an additional two editions of the FIFA World Cup™,” said FIFA President Joseph S. Blatter. “Hyundai is a true partner who understands and shares our philosophy and passion for the game. FIFA is confident that Hyundai will continue to support us in developing the sport and further extending its reach around the world.”
HYUNDAI MOTOR AMERICA
Hyundai Motor America, headquartered in Fountain Valley, Calif., is a subsidiary of Hyundai Motor Co. of Korea. Hyundai vehicles are distributed throughout the United States by Hyundai Motor America and are sold and serviced through about 800 dealerships nationwide. All Hyundai vehicles sold in the U.S. are covered by the Hyundai Assurance program, which includes the 5-year/60,000-mile fully transferable new vehicle warranty, Hyundai’s 10-year/100,000-mile powertrain warranty and 5-years of complimentary Roadside Assistance.