Will Hyundai eat away at Toyota profits and sales?

[hemidakota]

PRwireNews - South Korean auto giant Hyundai Motor is battling to rank among the world's five-largest automakers as soon as 2009. Since taking over the company five years ago, Chairman Chung Mong Koo has been obsessed with erasing Toyota's price premium. Hyundai has established a goal of producing 5.5 million vehicles annually by 2007, an increase of 25 percent from the 4 million produced today, according to the September issue of Bloomberg Markets magazine.