Published on Mon, Jul 07, 2008 at 12:30 | Source : Moneycontrol.com
Updated at Mon, Jul 07, 2008 at 15:08
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Hyundai-Kia Automotive Grp among Top 5 Automakers
With global sales of 3,961,629 units in 2007 the Hyundai-Kia Automotive Group has emerged as the world's fifth largest automaker moving up from sixth place in 2006, according to Automotive News' 2008 Global Market Data Book published on June 30, 2008.
With global sales of 3,961,629 units in 2007 the Hyundai-Kia Automotive Group has emerged as the world's fifth largest automaker moving up from sixth place in 2006, according to Automotive News' 2008 Global Market Data Book published on June 30, 2008.
While quantitative growth has been an important objective in the past for the Group, the company's efforts are now focused on qualitative growth in terms of continuous improvement in corporate social responsibility, profitability, technological innovation and brand power. Hyundai-Kia has the momentum to keep on growing.
The Group has seen remarkable growth in the four decades since Hyundai Motor Co. was founded. It ranked as the world's eleventh largest automaker in 1999, the year Hyundai-Kia Chairman Chung Mong-Koo took over the helm as the CEO. Since then, under Chairman Chung's leadership, it has moved steadily up the rankings ladder, accelerating its push to globalize operations by building new manufacturing plants in the United States, China, India, Slovakia, Czech and Russia.
Counting the export sales of 185,114 complete knock-down kits which are assembled by overseas partners, the Group's 2007 global sales reached 4,146,743 units. Automotive News' methodology excludes CKD sales.
2007 Global Sales Rankings
1. Toyota Motor Corp. 9,366,000 2. General Motors 8,902,252 3. Volkswagen AG 6,191,618 4. Ford Motor Co. 5,964,000 5. Hyundai-Kia Automotive Group 3,961,629 6. Honda Motor Co. Ltd. 3,831,000 7. Nissan Motor Co. 3,675,574 8. PSA/Peugeot-Citroen SA 3,428,400 9. Chrysler LLC 2,676,268 10. Fiat S.p.A. 2,620,864
