Hyundai Expecting Modest Growth In 2012

Hyundai Motor and affiliate Kia Motors aim to boost global vehicle sales by 6 percent this year to a combined 7 million vehicles, which would mark a slowdown for a duo that has enjoyed double-digit sales rises in recent years.

The South Korean automakers, which together rank fifth in global car sales, are unable to keep up with demand because of stretched production capacity. They have refrained from boosting capacity sharply, instead focusing on improving product quality and profits.



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knowitall1985 - 1/3/2012 10:47:18 AM

+2 Boost

Just wait till that crap starts falling apart.....

MBCLK500 - 1/4/2012 9:49:22 AM

+1 Boost

I tend to agree with blazinboy. I tried to "buy American" for the past 25 years. With one exception ('92 Buick Regal), they all were junk by the time they hit 60K to 70K miles. Additionally, my last two Chrysler products were assembled in Mexico and Canada. For now, the cars from Korea and Japan are the best VALUE available for cars. Not necessarily trucks.

maltbarley - 1/4/2012 11:11:54 AM

+1 Boost

This is nothing more than Hyundai not being able to build cars fast enough and not having planned production for the huge boost in sales that they made in 2011. Rather than sink 3 billion into a truck plant in Texas like some other auto maker that is suffering for it, they are waiting to see where the market balances. This may or may not be a wise move.