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Hyundai reports big profit jump, expects to boost U.S. sales with more SUVs

Reuters
Hyundai reports big profit jump, expects to boost U.S. sales with more SUVs

South Korea's Hyundai Motor Co laid out its U.S. sales turnaround plan on Monday using an expanded lineup of sport-utility vehicles (SUV), after posting its biggest global quarterly profit jump in seven years. The automaker forecast its U.S. market share to begin rising again from this year, targeting a year-end share of 4.2% versus 3.9% last year, with sales of its upgraded Palisade SUV starting from the second half. It aims for a U.S. share of 5.2% by 2023.