Hyundai Capital launches joint venture to provide auto finance in France

Hyundai Capital Providers Inc., South Korea’s main auto finance firm, stated Tuesday it has launched a three way partnership with CGI Finance, a subsidiary of France’s Societe Generale Group.

Hyundai Capital France will present auto finance, together with lease, mortgage and insurance coverage, for patrons of Hyundai Motor Group — Hyundai Motor Co. and Kia Corp. — and financing providers for sellers in France, the corporate stated.

The three way partnership is Hyundai Capital’s tenth abroad monetary entity and fifth in Europe.

“France is a strategically vital marketplace for Hyundai Motor Group, and we’re very glad to kind a three way partnership with Societe Generale Group on this regard,” stated Kim Hyun-joo, government vice chairman and head of worldwide enterprise division at Hyundai Capital.

“Hyundai Capital goals to assist Hyundai Motor Group’s significant enlargement in France with tailor-made services,” Kim added. (Yonhap)