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Hyundai Group Overtakes Ford in First Half of 2009 and Becomes World's Fourth Largest Automaker

South Korea's Hyundai Motor Company that includes KIA has overtaken the Ford Group within the first 1/2 of the year to end up the fourth largest carmaker inside the world promoting 2,153,000 gadgets or eight,000 more automobiles than the United States large within the equal length, consistent with figures posted via the Automotive News Data Centre. Only a decade in the past, the then newly unified Hyundai and Kia organization became in 11th region overall.

The Korean automaker attributed the increase to its choice to create factories in several countries which includes Slovakia, the United States and China that built merchandise designed and engineered mainly for neighborhood markets.

"Results for all of remaining yr noticed Hyundai-Kia path Ford with the aid of round a million-units, however by using decreasing the effect of the global recession through generating the proper product for the proper times, the institution has controlled to take fourth place much faster than have been anticipated," the South Korean automaker said in a prepared announcement.

While the financial downturn has taken its toll on all the top 10 automakers, Toyota controlled to hold directly to the first area with 3,564,one zero five units (-26% compared to H1 2008) accompanied by using General Motors that bought 3,552,722 vehicles (-21.Eight%) and the Volkswagen Group that was the less suffering from the slowdown (-five.1%) with 3,a hundred,300 gadgets sold in the first half of of the 12 months. Ford slipped to fifth vicinity with 2,one hundred forty five,000 automobiles offered (-30.6 %).

Manufacturer

H1 2009

H1 2008

% trade

3,564,105

4,815,442

-26.0

3,552,722

4,541,one hundred twenty five

-21.Eight

three,one hundred,three hundred

three,265,2 hundred

-five.1

2,153,000

-

2,145,000

three,093,000

-30.6

1,586,900

1,844,700

-14.0

1,586,000

2,022,000

-21.6

1,545,976

2,013,611

-23.2

1,152,000

1,283,000

-10.2

1,106,989

1,326,164

-sixteen.5

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