S. Korea's Hyundai Motor Announces Record 2007 Sales

Jan. 2, 2008
Hyundai and its affiliate Kia control more than 70% of the South Korean market.

South Korea's top carmaker Hyundai Motor said Jan. 2 that sales last year rose 4.1% year-on-year to an all-time high of 2.6 million units. Domestic sales gained 7.6% to 625,275 and exports rose 3.1% to 1.977 million.

Hyundai Motor said it was targeting 46 trillion won (US$49.3 billion) in revenue this year with sales of 3.11 million vehicles. Its affiliate Kia Motors aims to post 23 trillion won in revenue on sales of 1.69 million vehicles. Kia Motors sold 1.36 million cars last year, up 8.3% from a year earlier. Domestic sales rose 0.6% to 272,330 and exports climbed 10.4% to 1,088,461.

Hyundai and Kia comprise the world's sixth largest auto group. It controls more than 70% of the domestic auto market and aims to become world number five.

Copyright Agence France-Presse, 2008

Popular Sponsored Recommendations

Digitally Transforming Data and Processes With Product Lifecycle Management

Oct. 29, 2023
Manufacturers face increasing challenges in product development as they strive to consistently deliver improved results. Discover how industry leaders are improving time-to-market...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

How Digital Twin Technology is Empowering Manufacturers

Sept. 27, 2023
This FAQ delves into why this technology offers business value and considerations toward implementation.

How Manufacturers Can Optimize Operations with Weather Intelligence

Nov. 2, 2023
The bad news? Severe weather has emerged as one of the biggest threats to continuity and safety in manufacturing. The good news? The intelligence solutions that build weather ...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!