UPDATE 1-Hyundai Motor, Kia Motor see 2025 sales inch up after missing 2024 targets
ReutersJan 3, 2025 7:28 AM
Adds 2024 sales
SEOUL, Jan 3 (Reuters) - South Korea's Hyundai Motor Co 005380.KS and affiliate Kia Corp 000270.KS aim to grow their combined global sales by 2% in 2025, after reporting falls in 2024 sales and missing their targets.
The automakers, which together rank third in global vehicle sales, sold 7.23 million vehicles in 2024, slipping from 2023 and falling short of their targets, as solid U.S. sales were offset by sluggish demand in Europe and its home market.
(Reporting by Hyunjoo Jin; Editing by Himani Sarkar)
((hyunjoo.jin@thomsonreuters.com; 82-2-3704-5685; Reuters Messaging: hyunjoo.jin.thomsonreuters.com@reuters.net))
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