Hyundai Motor, which owns the Hyundai and Kia brands, has had the hot hand in the global auto market. But the company said its prospects will cool considerably in 2013.
This outlook could be a sign that the global economy is weak. It could be a sign also that the firm’s models have lost their appeal. It could show as well that the resurgence of Honda Motor Co. Ltd. (NYSE: HMC) and Toyota Motor Corp. (NYSE: TM), each of which had prospects damaged by the Japan earthquake, has hurt the South Korean manufacturer.
Business Recorder reports:
South Korea’s top automaker, Hyundai Motor Group, forecast Wednesday a modest 4.1 percent increase in car sales this year to 7.4 million units, with a strong won harming competitiveness.
The projected growth is the lowest since 2007 when the company’s global sales rose 3.9 percent, according to data compiled by AFP.
Douglas A. McIntyre
Are You Ahead, or Behind on Retirement?
If you’re one of the over 4 Million Americans set to retire this year, you may want to pay attention. Many people have worked their whole lives preparing to retire without ever knowing the answer to the most important question: am I ahead, or behind on my goals?
Don’t make the same mistake. It’s an easy question to answer. A quick conversation with a financial advisor can help you unpack your savings, spending, and goals for your money. With Zoe Financial’s free matching tool, you can connect with trusted financial advisors in minutes.
Why wait? Click here to get started today!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.