Hyundai Sees Tepid Global Auto Market Growth Amid Uncertainties

Hyundai Motor Group expects “tepid growth” for global auto sales in the second half of this year because of economic uncertainties and a weak won.

Greece’s potential exit from the euro, falling interest rates in the U.S., and stagnant economic growth in China are expected for the remainder of the year, Chairman Chung Mong Koo said in an e-mailed statement. Emerging economies are also likely to suffer, with the yen and euro weakening even further, he said.