Hyundai, Kia to Sell Combined Record 8 Million Vehicles
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Hyundai Motor Co. and Kia Motors Corp. said better-than-expected sales in Brazil, China and India will help them sell a record 8 million vehicles this year, even as a stronger won erodes profitability.
The Seoul-based companies’ global sales will beat their 2014 sales target of 7.86 million vehicles after selling 6.55 million units in the first 10 months, the umbrella Hyundai Motor Group said in an e-mailed statement today. Demand for SUVs including the Tucson and Santa Fe has helped drive deliveries.