Hyundai And Kia Storm Ahead
Hyundai Motor and its affiliate Kia Motors sold 3.55 million cars in 2005 at home and abroad, overtaking Peugeot Citroen (3.39 million) to become the world's seventh largest carmaker. In 2004, the Korean company ranked eighth with sales of 3.36 million cars behind the French company, which posted sales of 3.38 million.
GM sold the most cars with some 9 million, followed by Toyota (8.09 million) and Ford (6.6 million). Renault-Nissan came fourth with 6.15 million, Volkswagen fifth with 5.24 million and DaimlerChrysler sixth with 4.5 million.
Korea's largest automotive group may be able to challenge DaimlerChrysler for sixth place this year if it achieves its sales target of 4.12 million. It aims to become one of the world's top five motor companies by 2010. Hyundai Motor Vice Chairman Kim Dong-jin on Wednesday announced a target to become the world's fourth largest automaker by increasing production capacity to 6.5 million by 2010.
GM sold the most cars with some 9 million, followed by Toyota (8.09 million) and Ford (6.6 million). Renault-Nissan came fourth with 6.15 million, Volkswagen fifth with 5.24 million and DaimlerChrysler sixth with 4.5 million.
Korea's largest automotive group may be able to challenge DaimlerChrysler for sixth place this year if it achieves its sales target of 4.12 million. It aims to become one of the world's top five motor companies by 2010. Hyundai Motor Vice Chairman Kim Dong-jin on Wednesday announced a target to become the world's fourth largest automaker by increasing production capacity to 6.5 million by 2010.
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