Hyundai Capital Services, a financial services subsidiary of Hyundai Motor Group, and CGI Finance, a subsidiary of Societe Generale Group, announce the launch of a joint venture, Hyundai Capital France (HCF).
HCF will support Hyundai Motor France, Kia France and their dealer network – spread across nearly 400 sites in France – in lease and loan financing for new vehicles and used vehicles in addition to serving as a sales agent for relevant insurance policy products. The company will benefit from the support of Societe Generale Group and operate under the Hyundai Finance and Kia Finance brands within their respective networks and with dedicated teams.
“France is a strategically significant market for Hyundai Motor Group and we are very glad to form a joint venture with Societe Generale Group in this regard,” said Kim Hyun Joo, Executive Vice President and Head of Global Business Division at Hyundai Capital. “Hyundai Capital, as a captive finance provider, aims to support Hyundai Motor Group’s meaningful expansion in France with tailored products and services.”
