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

Article by Christian A., 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

If you liked the article, share on:

Pin It

Comments

Recommended

Sorry to say this to the Sport Quattro Concept fanatics. If you guys have been hoping for the production of this iconic concept to begin, prepare for your dreams to...
by - March 27, 2017
South Korean car company SsangYong recently revealed sketches of their upcoming SUV. We’re not always impressed by Korean car designs, but this one looks quite promising. Yup, it is the...
by - March 26, 2017
Twenty-eight years after the company was first launched by Toyota, which was initially targeted to the United States market only, Lexus has already made its way to over 70 countries....
by - March 26, 2017
Last year was probably Porsche’s best year ever in terms of sales. Their factory in Stuttgart delivered 237,778 cars in total, which represents a six percent increase compared to the...
by - March 26, 2017
Lamborghini has disclosed that it is looking into the possibility of releasing electric vehicles. With the Volkswagen Group revealing that it will be releasing electric vehicles within several years, there...
by - March 25, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries