Jan 4th, 2008 by RJ Menezes
Hyundai announced on Wednesday that it was planning on selling 3.1 million vehicles in 2008. That is a lofty sales goal but, providing their track record lately, should be no problem.
Hyundai, together with Kia, form the sixth largest auto manufacture in the world.
“To take the next leap forward and stay competitive in this tough marketplace, it’s important to secure a firm base for global production, but of equal importance, we must maximize our sales and marketing efforts in order to get closer to our customers, to grow the brand and improve profitability,” said Hyundai Chairman and CEO Chung Mong-Koo in his annual New Year’s address to management and employees.
Hyundai’s expansion plans include new plants in the U.S., the Czech Republic and Russia. In the U.S. They could do better, but as of now they are stable and have invested quite a bit in the American economy including a state of the art manufacturing facility.
They have all the right makings of a global giant and so far seem to be right on track.
Above: Good, well-built cars like Hyundai’s new Veracruz crossover are keeping the company moving forward with good momentum.
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