South Korea’s Hyundai Motor Company that includes KIA has overtaken the Ford Group in the first half of the year to become the fourth largest carmaker in the world selling 2,153,000 units or 8,000 more vehicles than the US giant in the same period, according to figures published by the Automotive News Data Centre. Only a decade ago, the then newly unified Hyundai and Kia company was in 11th place overall.
The Korean automaker attributed the growth to its decision to create factories in several countries including Slovakia, the United States and China that built products designed and engineered specifically for local markets.
