Wednesday, October 21, 2009

Hyundai is the Newest US Auto Power

This article discusses the auto maker Hyundai Motor Group as the only one to report sales growth this year. Due to recent turmoil in the US automobile industry, it may not come as a surprise that only a foreign producer would report growth. While sales are not up by much - only 2.6% (for combined Hyundai and Kia sales), this is a dramatic picture against the majority of automakers - down by 25%-50% from last year. This has made Hyundai Motor Group the 6th largest automaker in terms of US sales. It appears many things will have to change if US automakers want to be on top, because foreign companies are catching up.

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