02 Jan '12, 9am

Hyundai Motor aims to sell 7 million cars in 2012

Hyundai Motor aims to sell 7 million cars in 2012

Hyundai Motor Chairman Chung Mong-koo attends the company's opening ceremony for the year in Seoul Jan 2, 2012. -- PHOTO: REUTERS SEOUL (AFP) - South Korea's Hyundai Motor Group said on Monday it aims to sell a record seven million cars worldwide in 2012 by strengthening production and sales abroad to outpace competitors amid the global slowdown. Group chairman Mr Chung Mong Koo, in a New Year's message to employees, said the world's auto industry would see growth stagnate this year and competition intensify as the downturn cuts demand. 'We should lay the groundwork to become a global leading player by firming up management,' he said, calling for closer cooperation between its sales and production networks abroad. Hyundai, South Korea's largest automaker, and its smaller affiliate Kia together form the world's fifth-largest carmaking group by sales. The group sold 6.6 mill...

Full article: http://www.straitstimes.com/Motoring/Story/STIStory_75105...

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Hyundai Motor aims to sell 7 million cars in 2012

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