Tuesday, November 23, 2010

Hyundai - The biggest asian car maker in Europe

Hyundai Elantra
Toyota is slowly becoming a shadow of the company that dethroned General Motors in 2009. It can't be a good news for the Japanese maker that it also lost its position among Asian car makers in Europe, to Hyundai Motor Co. and affiliate KIA Motors Corp.

The two Korean companies had sold 521,369 vehicles in total during the first ten months of 2010, a 4% improvement over the last year which had earned them the title of the biggest Asian carmaker in Europe with a market share of 4.5%. Meanwhile, Toyota's figures dropped by 17% to 511,754 units, which accounts for 4.4% of the European market.

Source: carscoop


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