Hyundai, Kia cut sales target by 10 pct amid bleak outlooks: sources
Jul 14, 2015
Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. have lowered their annual sales target for this year "internally" by around 10 percent in the face of less demand and intensifying competition that have resulted in a sharp fall in sales in major economies including China, sources close to the matter said Tuesday.In its 2015 business plan unveiled earlier this year, the two South Korean car making giants aimed to sell a combined 8.2 million cars at home and abroad, which is 2.5 percent