Hyundai Knocks Out Ford For #4 Spot in the World
Posted by Aryeh.Landowne on Aug 13, 2009
Toyota, GM, VW and now Hyundai!
Hyundai-Kia has replaced Ford as the world’s 4th best auto maker. The ranking, reported by Automotive News on Sunday, is based on global automotive sales. Hyundai-Kia sold 2.153 million cars between January 2009 and June 2009 to drop Ford, which sold 2.145 million cars, to number 5 in the world.
Since 2000, when it ranked 10th on the list, Hyundai has risen in the rankings and has held the 5th spot since 2007. Experts didn’t think number 4 was attainable for Hyundai this year since its trailed Ford by over one million cars sold in 2008. But due to the economic situation in the US, Ford’s sales dropped by 30% over the last year, enabling Hyundai-Kia to grab the fourth spot.
Experts suggest that Hyundai-Kia may even rise to the third spot within a few years due to the separation between General Motors and Opel, which handles GM’s production and sales in Europe, in addition to the economic situation in the US.
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