Nissan on Thursday announced the successful acquisition of a 34 percent stake in fellow Japanese automaker Mitsubishi. Toyota has had their share of problems too, like the supplier problem coupled with an explosion at a steel supplier in February forcing Toyota’s Japanese factories to shut operations for a considerable amount of time. Hyundai’s growth is all the more impressive given that the automaker was ranked eleventh amongst automakers less than a decade ago. Fortunately, through Volvo’s leadership, many automakers around the world have incorporated Volvo’s high safety standard.
Although overall market share is very small at 1.6{c0ab263b3175d981033b17d6eec654a369e659a5af23b80a9510e95dedf16ccb}, the trend for further growth is in place as the Korean automaker introduces European versions of its Optima sedan, Sedona minivan, and other models. If automakers can maintain incentive levels and pricing, the current environment of low interest rates and cheap fuel should enable automakers to continue cranking out profits even as the …