It has now been two years since Hyundai Capital entered into its strategic alliance with GE Consumer Finance GECF and, despite some hesitation on Hyundai's part, the integration of the two companies is not far from the lips of observers.
Hyundai Capital is wrapping up non-deal roadshows with investors addressing the future plans of the company. Chief among the issues is how Hyundai can continue its growth trend while it practically dominates Korea's $11.2 billion auto-finance industry with a 70% market share.
Ironically enough, the answer is an even closer relationship with GECF.
In 2004, GECF purchased a 38% stake...