Photo: Kia
The new design language of both Kia and Hyundai has left its mark on the global automotive market, and together with their more affordable vehicles is securing them a more and more sales every month.
The combined force of the two South Korean automakers makes them a force to reckoned with, as they are now the fifth biggest group in the business. As a result of the strong demand for their lineup, the group has shifted their 2011 sales target from 6.33 million to 6.6 million according to Reuters, and is looking to a brighter future.
As a result, the group expects to sell about seven million vehicles globally, instead of the previous 6.5 million target, according to a statement made by president of Hyundai Motor said on Tuesday.
Yahoo News quotes one analyst specialized in the automotive industry as saying that the estimate is conservative. "I expect Hyundai and Kia will be able to achieve sales of 7.2 million vehicles next year, with Hyundai's China plant starting production and Kia introducing a third shift at its Slovakia plant," says the analyst from Korea Investment & Securities.
As a result, the group expects to sell about seven million vehicles globally, instead of the previous 6.5 million target, according to a statement made by president of Hyundai Motor said on Tuesday.
Yahoo News quotes one analyst specialized in the automotive industry as saying that the estimate is conservative. "I expect Hyundai and Kia will be able to achieve sales of 7.2 million vehicles next year, with Hyundai's China plant starting production and Kia introducing a third shift at its Slovakia plant," says the analyst from Korea Investment & Securities.
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