Ford Focus Forum banner

1 - 4 of 4 Posts

·
Registered
Joined
·
2,312 Posts
Discussion Starter · #1 ·
PRESS RELEASE

KOREANS DRIVE FORD OUT OF FOURTH PLACE IN GLOBAL MANUFACTURER RANKING

Kia Motors (UK) Ltd. is pleased to announce that parent company, Hyundai-Kia Automotive Group, has become the fourth largest global automotive manufacturer, according to data just published.

Based on figures from the Automotive News Data Centre, the Korean manufacturer has overtaken Ford which saw it's sales fall by more than 30 per cent in the first half of 2009, selling 8,000 more vehicles than the US giant in the first half of 2009.

Results for all of last year saw Hyundai-Kia trail Ford by around 1,000,000-units, but by reducing the impact of the global recession by producing the right product for the right times, the group has managed to take fourth place much quicker than had been predicted.

Go back just 10 years and the newly unified company was in 11th place overall, but rapid globalisation has seen state of the art factories being built in several countries including Slovakia, the United States and China. The manufacturing facilities have been geared-up to build products that are designed and engineered for local markets. The Kia cee'd is a leading example, being designed, developed and engineered in Germany and built in Slovakia.
via Autoblog
 

·
INCREDIBLY SHRINKING POST COUNT!!! (PSST...Add 10K
Joined
·
6,259 Posts
Toyota became #1 by overtaking GM in global sales so not really surprising at this time as Hyundai-Kia have produced a lot of desirable vehicles of late spanning from cheap fuel efficient to their new luxury car.

The global financial meltdown has left the US auto industry very vulnerable of late.But Ford stands the best chance of weathering this "storm".The 2010 vehicles could begin a turnaround for Ford.:)
 

·
Where is my @#$ antenna?!
Joined
·
4,107 Posts
Good for Hyundai, they've been doing everything right reecntly. The little Accent is a well made solid car with a low price tag perfect for first time buyers, the Sonata is a great car and a good value, The Genesis sedan and coupe are both fantastic, although I don't fit in the coupe I enjoyed every second I spent in it, just needs a little fine tuning and a turbocharger on the V6 (or a V8, either is fine). Even the Santa Fe my aunt bought is a really nice vehicle, her family is the Mercedes/Lexus/Infinity shopping crowd so seeing her with a Hyundai blows my mind.
My brother is already a Hyundai owner for life after his phenominal dealer experience.

Hope they keep it up.
 

·
Registered
Joined
·
7,109 Posts
Even the Santa Fe my aunt bought is a really nice vehicle, her family is the Mercedes/Lexus/Infinity shopping crowd so seeing her with a Hyundai blows my mind.
My brother is already a Hyundai owner for life after his phenominal dealer experience.

Hope they keep it up.
Heh... i know the feeling, lots of those crowd like I go to lunch with and they really like the quietness of the genesis.
 
1 - 4 of 4 Posts
Top