United Motors and Hyosung Motors Sign Cooperation Agreement - News - Dirt Rider Magazine

United Motors, Inc., manufacturer of motorcycles, scooters and all terrain vehicles (ATVs) sold under the UM® brand name, and Hyosung Motors & Machinery, Inc., Korea's biggest and most important manufacturer of two-wheel motorcycles and all terrain vehicles (ATVs) sold under the Hyosung ® brand name, announced the execution of a Cooperation Agreement designed to increase their global competitiveness and market share as well as collaborate in other areas such as distribution, product development & manufacturing.United Motors and Hyosung Motors are two growing and successful worldwide companies in the powersports industry with complementary assets and capabilities. Hyosung Motors will manufacture OEM products for United Motors sold under the UM® brand in selected countries and markets around the world where UM has a strong distribution network, thus increasing Hyosung's overall production and revenues. In this cooperation, United Motors will design and develop high displacement motorcycles including a line of 250cc and 650cc sport bikes and cruisers manufactured by Hyosung Motors.Another area of the cooperation includes joint product development in different displacement ranges."We are excited about the potential of this cooperation and the benefits that it represents for both groups," said Juan Villegas, CEO of United Motors. "We anticipate this agreement will expand the competitive positions of both companies and will bring tangible benefits to our customers, distributors, dealers and shareholders".Hyosung Motors & Machinery, Inc.
Established in 1978 and based in Changwon City, Kyungnam, Korea, Hyosung Motors & Machinery is Korea's biggest and most important manufacturer of two wheel motor vehicles including motorcycles and scooters as well as all terrain vehicles (ATVs). In 1979, Hyosung Motors established a cooperation with Suzuki Motors from Japan which lasted more that 10 years and brought technology, higher quality standards and manufacturing knowledge to the Korean based company. In 1986 Hyosung Motors established its own R&D; center and one year later began production on units under the own technology. Receiving ISO9001 certification in 1997 and with the introduction on 250cc and 650cc water cooled, V-Twin engines Hyosung Motors broke the 2 million production unit mark in 2001. Because of Hyousung's commitment to deliver high quality products, the company is a leader in the Korean and Asia motorcycle industry and has a strong distribution presence in Asia and Europe.About United Motors
Established in 1999 and Headquartered in Miami, FL United Motors designs, engineers and manufactures motorcycles, scooters and all terrain vehicles (ATVs) under the UM ® brand as well as related parts and accessories. With distribution in 15 countries and 600 dealers in the American Continent United Motors continues to grow its presence in the global market by targeting expansion in markets such as Europe, Middle East and Asia. The company has 600 employees worldwide and currently has two Research and Development centers located in USA and China.In the US, United Motors of America has a network of 400 dealers and is adding approximately 50 new dealers per year. Distribution of products is done through 3 strategically located warehouses across the US while sales, parts inventory, warranty processing, management and all the dealer support is located in the company's headquarters in Miami, FL. For more information visit United Motor's web site at www.umamerica.com.