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Hyundai, Kia see 2020 sales rebound after missing target in 2019

Hyundai, Kia see 2020 sales rebound after missing target in 2019

Thursday, January 2, 2020, 5:04 PM

South Korea's Hyundai-Motor and affiliate Kia Motors expect their combined sales to rise 5% in 2020, after missing their annual target for five years in a row. The South-Korean automakers reported a 3% drop in their combined global 2019 sales to 7.19-million vehicles, lagging their target to sell 7.6-million vehicles. Hyundai-Motor shares fell 2.1% prior to the announcement, while Kia Motors stocks dropped 4.1%.
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