Mexican Media Brands
Hyundai Postpones Market Share Target for Europe
Hyundai Motor Co. has delayed its goal of capturing 5% of Europe's car market to the end of the decade from its previous deadline of 2016, The Wall Street Journal reports.
#economics
Share
Hyundai Motor Co. has delayed its goal of capturing 5% of Europe's car market to the end of the decade from its previous deadline of 2016, The Wall Street Journal reports.
Allan Rushforth, Hyundai chief for Europe, tells the newspaper that the company aims to maintain its current 3.5% share this year because of weak and unpredictable sales there.
Hyundai's portion of the region's sales nearly doubled to that level in the past five years. The Journal notes that the brand's low-priced offerings have attracted budget-conscious consumers during Europe's economic downturn.
RELATED CONTENT
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.