Hyundai-Kia Automotive Group joins ranks of Global Top 5 Automakers. Since 1999 when the Automotive Group was in 11th place has climb on 5th place in 2007. Kia motors has a continuous improvement in quality, design, eco-friendliness and brand innovation.
According to Automotive News’ 2008 Global Data Book, published on July 1, Hyundai-Kia Automotive Group has emerged as the world’s fifth largest automaker moving up from sixth place in 2006 and with a number of 3,961,629 units in 2007 of global 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. “We have been stressing the value of our products over the last few years and our efforts have not gone unnoticed by the public or the industry, neither quantitatively or qualitatively. Kia will continue to focus on producing a new generation of quality vehicles with distinctive design for those who are young-at-heart to keep the momentum of our brand growing. As a top global automaker, we are set to move in new directions with continuous improvements in quality, design, eco-friendliness and brand innovation for years to come.”
Since 1999 the group has moved steadily up the rankings ladded under Chairman Chung’s leadership and pushed to globalize operations by building manufacturing plants in countries like US, Slovakia, Czech, RUssia, Brazil or even China and India.
Here are the 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
Kia Motors Corporation was founded in 1944 and is Korea’s oldest manufacturer of motor vehicles. More than 1.4 milion vehicles are produced every year in 14 manufacturing plants. These vehicles are sold in more than 165 countries. Kia has over 40,000 employees woldwide the anual revenue is almost US $17 bilion.
Source: Kia
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