Hyundai replaces General Motors as National Football League's automotive sponsor

MarketsAssociated Press

The National Football League is getting a new official automotive sponsor: Hyundai.

The Korean automaker announced the sponsorship deal Monday, replacing General Motors Co. The deal gives Hyundai the ability to use NFL trademarks in its marketing and access to big events year-round such as the Super Bowl, playoffs and the widely watched draft of college players.

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Hyundai Motor Co. wouldn't disclose how much it's paying, but it's likely close to what GM spent, about $25 million per year.

"There is no better venue to reach consumers," Hyundai Motor America CEO Dave Zuchowski said in a statement.

The automaker said the deal gives it a chance to show its products to the NFL's 188 million fans. Hyundai will launch its sponsorship during NFL kickoff activities on Sept. 10.