Hyundai-Kia Motors to increase sales by 12% in 2011

Geely Automobile News According to South Korean media reports, Hyundai Motor Company sources revealed that Hyundai Kia Motors, the Korean automaker, plans to increase its 2011 car sales by 12% year-on-year to 6.4 million vehicles.

The Korea Economic Daily reported that Hyundai Motor Co.’s president Chung Mong-koo and senior executives of overseas operations decided on the 2011 global sales target in a recent meeting, according to an unnamed disclosure. . In addition, the Korea Economic Daily expects Hyundai Kia Motors' full-year sales to reach 5.7 million units in 2010.

Hyundai Motors top Yang Seung-seok said on December 13 that the company did not meet the 2011 sales target set before it and had already informed suppliers and suppliers of the expected sales adjustment range in 2011 and was waiting for their response.

( Source: Gasgoo.com )

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