DAILY - UPDATED
Hyundai-Kia Automotive Group becomes 4th largest automaker
Hyundai-Kia Automotive Group replaces Ford as the fourth largest car manufacturer in the world!
According to the latest report from Automotive News Data Centre, Hyundai-Kia Automotive Group has became the fourth largest automaker in the world! Based on new-vehicle sales figures from the first half of the 2009, Hyundai and Kia together sold 8.000 more cars than Ford, whose sales have dipped by more than 30 percent so far this year.
Toyota retained the crown of the world’s largest automaker, but recent financial recession has hit it’s sales hard and the automaker experienced a 26 percent drop in new car sales. Troubled US giant, General Motors, sits in the in second spot, but it has experienced a similar first-half sales fall as Toyota.
GM is closely followed by VW in third position. VW’s sales have decreased slightly compared to last year’s figures, however, Germany’s largest automaker managed to narrowed the gap between itself and Toyota @ No.1 position to less than 500.000 units from last year’s 1.500.000 units.
The battle for the first position is expected to intensify in the second half of the year, according to automotive experts, when VW could overtake both of its main rivals and become the No.1 automaker in the world.
The battle for fourth spot, between Hyundai-Kia and Ford is expected to be tight as well through the rest of the year. At the moment, Hyundai-Kia Automotive Group leads Ford by only about 8.000 units. Results for all of last year saw Hyundai-Kia lagging behind Ford by around 1 million units, but by producing the right product for the right times, Hyundai-Kia Automotive Group managed to take fourth place much quicker than it had been predicted.
Battle for fourth spot will continue in the second half, when both automakers (Ford and Hyundai-Kia) plan to launch a slew of new models. Ford plans to launch new Fiesta sub-compact, while Kia will market new Sorento and Koup in the States. According to latest reports from South Korea, Kia also plans to lift production of existing models by almost 100.000 vehicles and boost its marketing activities this year. [Source: Kia]
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