Tag - Hyundai Motor sets modest sales target

Hyundai Motor sets modest sales target

Hyundai Motor Group chairman Chung Mong-koo on Monday set a global production and sales target of 8.13 million units for the world’s fifth-largest carmaker in 2016. The target is about 1 percent down from 2015’s goal of selling 8.2 million units. The carmaker managed to sell 8.01 million units last year, about 2.4 percent short of its initial target. Chung attributed the volatile Chinese market to the shortcoming. “As we all can see, the Chinese market has been weaker than expected, [...]

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