Cars
Hyundai Motor Group, the owner of both the Hyundai and Kia brands and the fifth largest automaker in the world, announced that it will invest US$12.2 billion this year in research and development (R&D) as well as on improving its facilities.
- Hyundai And Kia Target 7 Million Sales In 2012
Despite the global economic crisis, Korean automakers Hyundai and Kia have seen a rapid rise in global sales, thanks in part to their value for money offerings but also a new range of models. As a result of the new sales records and increased demand,...
- Chrysler Invests $165 Million In Michigan Assembly Plant
Chrysler announced today that it will invest $165 million in its Sterling Heights, Michigan plant to add a new state of the art, one million square-foot body shop. Last December, the Detroit carmaker had also revealed that it would invest close to $850...
- Hyundai Reaches 5 Million Sales In Europe
South Korean carmaker Hyundai announced it has sold five million vehicles in Europe since the first Hyundai Pony was imported in 1977. The five millionth vehicle was an i30, which was launched in 2007 and has sold a little over 320,000 units on the continent....
- Hyundai - Kia Group Targeting A 10-percent Increase In Sales For 2011
For the Hyundai Motor Group and its affiliate Kia Motors, the New Year brings a new sales target as the South Korea's largest automaker said on Monday it aims to sell 6.33 million cars in 2011, which represents a 10 percent increase over 2010 when...
- Global Car Sales To Drop 7.7% To 60 Million Units In 2009, According To Hyundai Chairman
South Korea's largest automaker, Hyundai, expects that the worldwide financial crisis will continue to have a negative effect on global auto sales throughout 2009. Today, the firm's Vice Chairman Choi Jae Kook told Hyundai's employees that...
Cars
Hyundai and Kia to Invest US$12.2 Billion in 2012, Aim for 7 Million Sales
Hyundai Motor Group, the owner of both the Hyundai and Kia brands and the fifth largest automaker in the world, announced that it will invest US$12.2 billion this year in research and development (R&D) as well as on improving its facilities.
The South Korean group announced last October that their target for 2012 was 7 million units, up from 6.5 million in 2011. Despite the economic crisis, both brands have performed excellently. They also estimate that their growth could have been even larger had it not been limited by their plants’ output, many of which are operating at or near their maximum capacity.
Read more »- Hyundai And Kia Target 7 Million Sales In 2012
Despite the global economic crisis, Korean automakers Hyundai and Kia have seen a rapid rise in global sales, thanks in part to their value for money offerings but also a new range of models. As a result of the new sales records and increased demand,...
- Chrysler Invests $165 Million In Michigan Assembly Plant
Chrysler announced today that it will invest $165 million in its Sterling Heights, Michigan plant to add a new state of the art, one million square-foot body shop. Last December, the Detroit carmaker had also revealed that it would invest close to $850...
- Hyundai Reaches 5 Million Sales In Europe
South Korean carmaker Hyundai announced it has sold five million vehicles in Europe since the first Hyundai Pony was imported in 1977. The five millionth vehicle was an i30, which was launched in 2007 and has sold a little over 320,000 units on the continent....
- Hyundai - Kia Group Targeting A 10-percent Increase In Sales For 2011
For the Hyundai Motor Group and its affiliate Kia Motors, the New Year brings a new sales target as the South Korea's largest automaker said on Monday it aims to sell 6.33 million cars in 2011, which represents a 10 percent increase over 2010 when...
- Global Car Sales To Drop 7.7% To 60 Million Units In 2009, According To Hyundai Chairman
South Korea's largest automaker, Hyundai, expects that the worldwide financial crisis will continue to have a negative effect on global auto sales throughout 2009. Today, the firm's Vice Chairman Choi Jae Kook told Hyundai's employees that...