Kia Motors headquartered in Seoul, is South Koreas second-largest automobile manufacturer, following the Hyundai Motor Company, with sales of over 1.6 million vehicles in 2012. As of June 2012, the company is 32.8% owned by the Hyundai Motor Company, the fourth largest automotive group in the world based on annual vehicle sales in 2012 after Toyota, General Motors, and Volkswagen AG. Since August 2009, the company has been led by Hyoung-Keun (Hank) Lee. The word Kia derives from Korean words meaning "to arise to the world from Asia". In November 2009, Kia started production at the first U.S. Kia Motors plant, Kia Motors Manufacturing Georgia in West Point. The facility is building the 2011 Kia Sorento crossover vehicle and the 2012 Kia Optima sedan.