Hyundai and Kia target 4.1pc rise in global sales

Hyundai Motor and affiliate Kia Motors, South Korea's largest carmakers, plan to increase global sales by 4.1 per cent this year, as international and domestic markets struggle with a slowing economy.

The carmakers were targeting combined sales of 7.41 million vehicles, Chung Mong-koo, the chairman of the companies, told employees yesterday.

Hyundai and Kia sold an estimated 7.12 million units last year, compared with a target of seven million, Chung said.

via Business feed http://www.scmp.com/business/companies/article/1118447/hyundai-and-kia-target-41pc-rise-global-sales