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Hyundai, Kia expect slow growth in 2013
- South Korea: Thursday, January 03 - 2013 at 06:49
South Korea's Hyundai Motor Co and affiliate Kia Motors Corp are targeting a modest 4% uptick in global sales this year, their slowest growth in a decade, Reuters has reported. The two automakers, which together rank fifth in global car sales, are expecting a slowdown in sales growth to a combined 7.41 million vehicles, partly also because of capacity constraints and a stronger South Korean currency. According to regulatory filings, Hyundai Motor is targeting sales of 4.66 million vehicles in 2013, compared with 4.4 million last year, while Kia has set a goal of 2.75 million, almost flat from 2.72 million in 2012.
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