Hyundai Cuts 2012 Sales Forecast on European Weakness
Car sales in Europe are expected to fall to 6.43 million in Q2 of 2012, according to industry analysts, down from even the abysmal results of the first quarter 7.65 million in the first quarter.
"The economic situation in Europe will worsen in the second half of this year," Hyundai's Chief Financial Officer Lee Won Hee said in a conference call in Seoul today. "Still, Hyundai will be able to meet the global sales target we set earlier this year."
Story via Autonews Europe