With global sales of 3,961,629 units in 2007, Hyundai-Kia Automotive Group is now the world’s fifth largest automaker, up from sixth place in 2006, according to Automotive News’ 2008 Global Data Book.
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The Group has seen remarkable growth since its foundation. It ranked as the world’s 11th largest automaker in 1999, the year Hyundai-Kia Chairman Mong-Koo Chung took over the helm as CEO. Since then, it has moved steadily up the rankings ladder as Chung accelerated the push to globalise operations by building new manufacturing plants in the United States, China, India, Slovakia, Czech Republic, Russia and Brazil.
Counting in export sales of 185,114 complete knock-down (CKD) kits which are assembled by overseas partners, the group’s 2007 global sales reached 4,146,743 units, Hyundai-Kia said. Automotive News’ excludes CKD sales.
“We are extremely proud of having achieved this goal in such a short period of time,” said Ik-Hwan Kim, vice-chairman and CEO of Kia Motors.
2007 Global Sales Rankings:
1 Toyota 9,366,000
2 GM 8,902,252
3 Volkswagen 6,191,618,
4 Ford 5,964,000
5 Hyundai-Kia 3,961,629
6 Honda 3,831,000
7 Nissan 3,675,574
8 PSA/Peugeot 3,428,400
9 Chrysler 2,676,268
10 Fiat 2,620,864
