From an 11th place ranking in 1999, the Hyundai-Kia conglomerate has risen to become the fifth largest car manufacturer in the world.
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According to Automotive News, the 2008 Global Data Book shows that the group has sold 3,961,629 cars, and now has risen above the likes of Honda, Nissan, and the PSA group.

"We are extremely proud of having achieved this goal in such a short period of time,” said Ik-Hwan Kim, Vice-Chairman and CEO of Kia Motors. “We have been stressing the value of our products over the last few years and our efforts have not gone unnoticed by the public or the industry, neither quantitatively or qualitatively.“Kia will continue to focus on producing a new generation of quality vehicles with distinctive design to keep the momentum of our brand growing. As a top global automaker, we are set to move in new directions with continuous improvements in quality, design, eco-friendliness and brand innovation for years to come.”

2007 Global Sales Rankings

1. Toyota 9,366,000

2. GM 8,902,252

3. Volkswagen 6,191,618,

4. Ford 5,964,000

5. Hyundai-Kia 3,961,629

6. Honda 3,831,000

7. Nissan 3,675,574

8. PSA/Peugeot 3,428,400

9. Chrysler 2,676,268

10. Fiat 2,620,864