Hyundai Motor Company (Hangul : 현대 자동차 주식회사; Hanj : 現代自動車株式會社; , "Hyŏndae", ) is a Korean car company. It is based in Seoul, South Korea. Along with Kia, it makes up the Hyundai Kia Automotive Group. The group is the world's fourth largest maker of cars as of 2009. As of 2011, it is the world's fastest growing automaker for two years in a row. In 2008, Hyundai (without Kia) ranked as the eighth largest automaker. In 2010, Hyundai sold over 3.6 million vehicles worldwide. In 2015 Hyundai announced it would spin-off its Genesis car as a separate luxury brand, that will compete with other luxury brands like Buick, Lexxus, Acura etc.