Hyundai-Kia group aims to become world’s fourth largest car manufacturer

Article by Christian Andrei, on December 24, 2010

The Hyundai-Kia group has been racking up awesome car sales the last two months, making it dream of getting the fourth place in the list of world's largest carmakers. From January to November this year, the group had already sold 5.2 million vehicles (3.3 million Hyundais and 1.91 million Kias) – up by 23% compared to the same period last year.

It hopes that it will eventually record sales of up to 5.7 million cars this year. Of course, getting fourth place will not be easy.

Hyundai has more optimistic sales goals for the next year, but becoming the world's fourth carmaker will be hard to achieve. In 2011, the group aims for its deliveries to reach 6.4 million cars.

Meanwhile, the current fourth-placer, Renault-Nissan, has so far delivered over 6 million cars this year. Other carmakers have also expressed what they set their sights on for the future. Ford hopes to retake the No. 2 spot in the U.S., as it currently only occupies a 16.5% share of the local auto sector.

GM remains at the top spot in the U.S. even as it has had financial difficulties in the past two years. At the No. 2 spot is Toyota, which replaced Ford in this position in 2007.

In a statement, George Pipas, Ford market analyst, said that the last time Ford gained one or more points of market share was in the '80s. It also marks the first time since 1993 that it has gained share in the U.S. back-to-back for two straight years.

Topics: hyundai, kia, sales

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