South Korean car makers to increase their market share in coming years - IPWatchdog.com
“Buy American” might be a nice slogan but in 2014, only four American models wound up on the year’s ten top-selling vehicles according to Edmunds. One of those, the Ram 1500, is made by an American-based subsidiary of London-based Fiat Chrysler Automobiles ( FCAU:US ), to which an American-made purist might take exception. Whereas American companies produced four of the Top 10 selling 2014 vehicles, Japanese companies took the other six spots. com reports that the Toyota Camry, third overall among American car sales, was the best-selling Japanese model with 389,091 units sold that year. The 2015 Global Automotive Executive Survey released by global auditing firm KPMG reports that the Hyundai/Kia group of South Korea is the auto manufacturing business whose market share was most expected to increase by auto executives. As of 2015, the report shows that Hyundai/Kia holds the fifth-overall ranking for mass market vehicle production. The story of South Korean car makers entering the U. S. market and Korean automobiles on American roadways follows a familiar script. Source: www.ipwatchdog.com
