Capital Berg

Keeps People Up-To-Date

Monday, March 8, 2021
Log in
  • United States
  • Business
  • Health
  • Science
  • Technology
  • About CapitalBerg
    • Analysts & Contributors
    • Advertising
    • Contact US
    • Privacy Policy GDPR
    • Terms of Use

Pages

  • About CapitalBerg
  • Advertising
  • Analysts & Contributors
  • Contact US
  • Investor Relations
  • Privacy Policy GDPR
  • SEC Disclosure
  • Terms of Use

Recent Posts

  • Tennessee Rapist Breaks into Woman’s House Three Times the Same Night to Assault Her June 29, 2018
  • Mentally Ill Man Arrested After Breaking into Retirement Home to Grope a Woman’s Chest June 28, 2018
  • “Syndrome” Author Blake Leibel Sentenced to Life in Prison for the Murder and Torture of Girlfriend June 27, 2018
  • Michigan Dad to Be Sentenced in the Beating Death of 3-Year-Old Infant June 26, 2018
  • Ohio Patrolman Booted from Police After Pulling Over His Daughter and Boyfriend June 26, 2018
  • Utah Mayor Shares Heartwarming Letter of Man Apologizing for Stealing a Stop Sign 75 Years Ago June 25, 2018
  • Mississippi Man Beheaded Mother After A Spat over Credit Cards June 25, 2018

Kia Motors And Hyundai Are Hoping To Revive Sales

January 3, 2017 By Waleed Javed

kia motors

Kia Motors and Hyundai Motor are hoping to revive their sales in 2017.

Kia Motors and Hyundai Motor are hoping to revive their sales in 2017 after missing their 2016 target, and have set a reportedly higher than expected new target.

The Hyundai Motor Company is part of the Hyundai Motor Group. The latter is reported as being amongst the world’s top five largest manufacturers.

Hyundai Motor Group is comprised of Kia Motors and Hyundai Motor Company. Hyundai Motor was founded in 1967. It is based in Seoul, South Korea and is an automotive manufacturer.

Kia Motors Corporation is also an automotive manufacturer. It was founded in 1944 and is also based in Seoul. It is ranked as the second largest South Korean manufacturer, just after its parent company.

The two companies have not been going through a good period. Last year, neither of the two reached their sales targets.

Final sales reports were released earlier this week, on Monday. For 2016, Hyundai had set a 5.01 million global sales target. Reports showed that last year, the manufacturer sold almost 4.9 million vehicles.

As it is, Hyundai aims at an even higher number in 2017. The company set a 5.08 million sales target for the current year.

Kia Motors set out to sell 3.12 million vehicles in 2016. It did not manage to reach its goal. Reports showed that the company moved about 3.02 million cars last year. For 2017, Kia set an even higher goal. It will try to move 3.17 million vehicles.

Kia Motors and Hyundai set a combined target of 8.25 million sold vehicles for 2017. Their combined 2016 numbers had an aim of 8.13 million vehicles.

As it is, the new year aims came somewhat as a surprise for some analysts. Given the missed 2016 targets, they were expecting a slightly lower projection for 2017.

Ko Tae-bong, a Hi Investment & Securities auto analyst, went to offer details. According to Tae-bong, the combined goal is somewhat higher than expected.

He considers that its accomplishment will depend on the new models. More exactly, on the performance of some of their new vehicles.

Weak demand is considered to be one of the main reasons for the unmet target. Emerging markets have not met their previous expectations.

However, the two companies are hoping to revive their sales. New company markets, such as Russia, are said to have stabilized. Kia Motors and Hyundai will also set out to boost vehicle supplies.

They will target the United States and Chinese auto markets. As it is, their sales number could rise this year. Both automakers will also reportedly be adding capacity in Mexico and China.

Chung Mong-koo, the Hyundai Motor Group Chairman, went to offer details. The chairman was reported to have sent out a New Year message to the company employees. In it, Mong-koo pointed out some facts.

According to him, the auto market uncertainty is growing. There are various contributing variables. The lower global economic growth is one such fact. Another is the spread of trade protectionism. The automobile industry competition is also said to have intensified.

As it is, the automakers are hoping to revive their sales growth. Following the announcement, both Kia Motors and Hyundai shares reported an increase. Reports also showed that they will be increasing their SUV cars lineup.

Hyundai Motor will reportedly release a new, smaller SUV sometime this year. It should be available in three areas. These are the United States, China, and Europe.

Image Source: Wikimedia

  • About the Author

About Waleed Javed

Filed Under: Business

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 44 other subscribers

Recent Articles

sleep

Tennessee Rapist Breaks into Woman’s House Three Times the Same Night to Assault Her

June 29, 2018 By Denise Ehrlich Leave a Comment

police lights

Mentally Ill Man Arrested After Breaking into Retirement Home to Grope a Woman’s Chest

June 28, 2018 By Waleed Javed Leave a Comment

gavel

“Syndrome” Author Blake Leibel Sentenced to Life in Prison for the Murder and Torture of Girlfriend

June 27, 2018 By Andreas Petersen Leave a Comment

Woods

Michigan Dad to Be Sentenced in the Beating Death of 3-Year-Old Infant

June 26, 2018 By Marlene R. Litten Leave a Comment

patrol cruiser

Ohio Patrolman Booted from Police After Pulling Over His Daughter and Boyfriend

June 26, 2018 By Waleed Javed Leave a Comment

stop sign

Utah Mayor Shares Heartwarming Letter of Man Apologizing for Stealing a Stop Sign 75 Years Ago

June 25, 2018 By June Harris Leave a Comment

Butter knives

Mississippi Man Beheaded Mother After A Spat over Credit Cards

June 25, 2018 By Carol Harper Leave a Comment

XXXTentacion mugshot

Florida Authorities Arrested Suspect in Connection with Shooting of XXXTentacion

June 22, 2018 By Waleed Javed Leave a Comment

sunset over beach

Dallas Mother Accused of Beating Four-Year-Old and Dumping Body Into the Water

June 21, 2018 By Denise Ehrlich Leave a Comment

chicken Alfredo

Ohio Man Sentenced for Trying to Seduce Teenage Boy with Naked Pictures and Chicken Alfredo

June 20, 2018 By Marlene R. Litten Leave a Comment

bedroom

South Carolina Teen and Mates End Up In Slammer for Raping a Teenage Girl

June 19, 2018 By Waleed Javed Leave a Comment

cyberstalkin

California Man Arrested for Stalking Ex-Girlfriend, Hacking Her Online Accounts

June 19, 2018 By June Harris Leave a Comment

hammer

Naked Patient Sneaks out of Emergency Room to Bash Homeowner’s Head with Hammer

June 18, 2018 By Carol Harper Leave a Comment

screwdriver

Middle School Student Attacks Teacher During Class with Screwdriver

June 18, 2018 By Andreas Petersen Leave a Comment

Related Articles

  • Volusia County Robber Apprehended

    Volusia County Robber Arrested After Leaving Fingerprints on Doorbell

    Mar 20, 2018
  • Dark Souls

    Dark Souls Remastered Expected to Come Out in May

    Jan 14, 2018
  • Black eclipse glasses

    Couple Issues Lawsuit Against Amazon After Buying Defective Eclipse Glasses

    Sep 1, 2017
  • Exxon gas station

    Exxon Lied about Climate Change for Almost 40 Years

    Aug 24, 2017
  • Foreign Affairs reporter Jay Solomon

    Former Foreign Affairs Reporter Jay Solomon was Fired from The Wall Street Journal

    Jun 24, 2017
  • volkswagen logo

    Volkswagen to Pay for Californian Clean Air Standards

    Apr 1, 2017
  • buzzfeed cart

    BuzzFeed to Go Public in 2018 as a Media Tech Company

    Mar 31, 2017
  • denmark landscape

    New Taxi Law Keeps Uber Away from Denmark

    Mar 29, 2017
  • snapchat app

    After Thumbs Down, Banks Are Considering Snap a Good Investment

    Mar 28, 2017
  • chinese commercial plane

    Global Airline Routes Might Get Stronger After a Possible Collaboration

    Mar 27, 2017

Categories

  • Business
  • Deals
  • Health
  • Science
  • Technology
  • United States
  • World

Copyright © 2021 capitalberg.com

About · Privacy Policy · Terms of Use · Contact

This website uses cookies to ensure you get the best experience on our website. Learn more.