Hyundai quarterly balance sheet
10/28/2010
The number was only slightly below the record result of 1.39 trillion won in the previous quarter. Sales climbed 9.2 percent to 8.85 trillion won in the months from July to September.
Growth in the USA, Europe and China
Thanks to models that meet the needs of the are tailored to individual markets, sales have increased not only in the USA and Europe, but also in emerging economies such as China, it said. Hyundai's share in the world market has risen from 5.1 in the second quarter of the current year to 5.5 percent.
Together with sister company Kia Motors, Hyundai ranks fifth among the largest car manufacturers. Hyundai has factories in the USA, China, India, Turkey and the Czech Republic. A month ago, Hyundai also officially opened a factory in Saint Petersburg, Russia. Series production is scheduled to start in January. Kia also produces in the USA and China, and also has a factory in Slovakia.
The Hyundai-Kia Group wants to bring its sales well above the five million mark this year - after 4, 6 million cars sold last year.
