--
 
Top new models for SA

From Renault's new Alaskan bakkie to the latest models at the Frankfurt motor show bound for SA.

Electric cars in SA

The debate on whether or not Electric Vehicles (EV) are viable in South Africa rages on.

Hyundai set for 4.3m model record

2012-10-26 09:19

RECORD SALES YEAR FOR KOREAN POWERHOUSE: Hyundai expects its total sales for 2012 to reach 4.38-million units.

SEOUL, South Korea - South Korean automaker Hyundai has posted higher-than-expected profits, exceeding analysts' expectations, despite the global economic downturn.

South Korea's largest automaker sold nearly 3.2-million vehicles in the first nine months of 2012 and posted a third-quarter net income up by 13% or $17-billion, from 2011.

'STRONG IN CHINA'

The automaker predicts its final sales figure for 2012 to be 4.38-million units.

Chief financial officer Lee Won Hee added that the company was in a strong position in China, too, and forecast sales there would be in the range of 820 000 to 830 000 vehicles by the end of 2012.

Hyundai has sold 4.03-million vehicles so far in 2012, crossing the four-million threshold for the first time.
NEXT ON WHEELS24X
Read more on:    south korea  |  models  |  record  |  sales  |  china  |  hyundai

Inside Wheels24

There are new stories on the homepage. Click here to see them.