No 8. Hyundai-Kia
|Revenue||14.55 Billion Dollars (2008)|
|Unit sales||1.05 million (2008)|
The Indian subsidiary of Hyundai KIA Automotive Group, the Hyundai Motors India, is the country’s second largest car manufacturer. Originally, known as KIA Motors it became the Hyundai Kia Automotive Group when Hyundai Motor Company purchased 51% of the company in 1998.
No 7. PSA Peugeot Citroen
|Revenue||80.92 Billion Dollars (2009)|
|Units manufactured||3.33 million (2008)|
The seventh largest automaker in the world and the second largest in the Europe is PSA Peugeot Citroen. It manufactures automobiles and motorcycles. In December 1974 Peugeot S.A. acquired a 38.2% share of Citroën. In May 1976 they increased their stake of the then bankrupt company to 89.95%, thus creating the PSA Group.