SEOUL, March 24 (Yonhap) - Hyundai Motor and Kia Motors occupied last year second in the world for two consecutive years in terms of operating profit, narrowing the gap with BMW, the No. 1 ranking, showed Sunday data from a web site assessment of corporate governance and CEOs.
According to data on the evaluation of operating profits of the top ten car manufacturers in the world, spread by SCORE CEO, the operating profit rate of Hyundai and Kia came to 9.1 percent, preceded by BMW with 10 , 8 percent.
In 2012, the gap between BMW and Hyundai-Kia was 1.7 percent, compared with a reduction of 2.2 per cent the previous year.
Operating profit totaled Hyundai and Kia to 11.95 trillion won (10.68 billion dollars) last year, an increase of 3.7 percent year.
Meanwhile, in terms of worldwide sales, Hyundai and Kia's fourth largest position held in 2012 for the second consecutive year, registering 7,113,000 units sold, an increase of 7.1 percent over the previous year despite the economic downturn world.
Research firm CEO SCORE mainly attributed the good performance of Hyundai and Kia to successful strategy to root an image of a luxury car manufacturer.
