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Hyundai Motor Group Aims To Sell 7 Million Cars in 2012



Hyundai Motor Group announced that the South Korea’s largest automaker aims to sell a record 7 million cars worldwide in 2012 by strengthening production and sales abroad to outpace competitors amid the global slowdown.


Group chairman Chung Mong-Koo, in a New Year’s message to employees, said the world’s auto industry would see growth stagnate this year and competition intensify as the downturn cuts demand.


According to Hyundai Motor Group officially, the automaker sold 6.6 million cars worldwide in 2011. The production would reach full capacity in 2012 after adding its 30 overseas plants in 9 countries, including new factories in Beijing and Brazil.