Hyundai Motor sees global auto demand growth slowing next year
SEOUL (Reuters) - Hyundai Motor (005380.KS) expects the global auto market to grow 3.6 percent next year, helped by gains in the United States and China, but it will be slower compared with this year's 5.1 percent rise.
The Europe auto market will continue to shrink next year, but by a lesser extent, Lee Won-hee, CFO of Hyundai Motor, said at an earnings conference call.
He also said the company benefited from a diplomatic row between China and Japan, which would help the automaker achieve higher-than-expected sales this year in China.
(Reporting by Hyunjoo Jin; Editing by Muralikumar Anantharaman)
- Investigators look for motive in Malaysia plane disappearance |
- Malaysian PM says lost airliner was diverted deliberately |
- Democrats seek ways to limit Obamacare fallout after Florida defeat
- Police make third arrest in murder of Colorado socialite
- Exclusive: Radar data suggests missing Malaysia plane deliberately flown way off course - sources