Hyundai, Kia See Weakest Annual Car Sales Growth Since 2003

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Hyundai, Kia See Weakest Annual Car Sales Growth Since 2003

Hyundai, Kia See Weakest Annual Car Sales Growth Since 2003
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Hyundai, Kia See Weakest Annual Car Sales Growth Since 2003

by Wochit 0:36 mins

South Korean auto makers Hyundai Motor Co ( 005380.KS ) and Kia Motors Corp ( 000270.KS ) are bracing for their most sluggish growth in annual sales since 2003 as the weakening of the yen fuels exports from Japanese rivals. Hyundai and its affiliate Kia, together ranked fifth in global car sales, aim to boost global sales by 4 percent this year to a combined 7.86 million vehicles. Growth will come from revamped versions of key models and increased production capacity in China.

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