December 22, 2015: GE announced today that it has signed an agreement to sell a 23.3% stake of Hyundai Capital Services to Hyundai Motor Company and Kia Motors as part of a broader deal to exit its entire 43.3% ownership in HCS over the following months. Hyundai Capital is an 11 year old joint venture between Hyundai Motor Company and GE Capital that provides consumer financial products, including auto financing, auto leasing services, personal loans and home mortgages.