Honda Motor Company came first as it was founded by Soichiro Honda in October 1946. The company was established on September 24, 1948, in Itaya-cho, Hamamatsu, with capital of 1 million yen.
The first complete motorcycle, with both the frame and engine made by Honda, was the 1949 Model D, the first Honda to go by the name Dream. Honda Motor Company grew in a short time to become the world's largest manufacturer of motorcycles by 1964.
The first production automobile from Honda was the T360 mini pick-up truck, which went on sale in August 1963.Powered by a small 356-cc straight-4 gasoline engine, it was classified under the cheaper Kei car tax bracket. The first production car from Honda was the S500 sports car, which followed the T360 into production in October 1963. Its chain-driven rear wheels pointed to Honda's motorcycle origins.
Hyundai's history goes way back to 1947 when Chung Ju-Yung incorporated the ‘Hyundai Engineering and Construction Company’. The company was founded with the goal of post-war reconstruction and industrialization in Korea.
However, due to the North Korean Invasion of 1950, Chang Ju-Yung was unable to do so and abandoned his construction projects. He moved with his brother to Busan, but continued to do whatever work he could get from the Korean Ministry of Transportation and the UN forces. This led to the creation of the Hyundai Motor Company in 1967.
The automotive industry is one of the most important economic sectors in the industry, since it gave millions of jobs and it also has one of the most important revenues. This industry does not include motor fuel filling stations and automobile repair shops, just car brands. Find out about the history of car brands at Autocarbrands.com.