Seoul, South Korea – The Hyundai-Kia Automotive Group has moved up as the world’s fifth-largest automaker with global sales of 3,961,629 units in 2007. The company was sixth worldwide in 2006. The figures were confirmed by Automotive News’ 2008 Global Data Book.
“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.”
The group was the world’s eleventh-largest automaker in 1999, and has moved steadily up in the rankings as the company pushed for global operations by building new manufacturing plants in the U.S., China, India, Slovakia, Czech, Russia and Brazil. Counting complete knock-down kits (CKD), which are assembled by overseas partners, the Group’s 2007 global sales reached 4,146,743 units (Automotive News excludes CKD sales).
Worldwide by Automotive News’ ranking, the top ten automakers by sales, in order, for 2007 are Toyota, General Motors, Volkswagen, Ford, Hyundai-Kia, Honda, Nissan, PSA/Peugeot, Chrysler and Fiat.