* Hyundai sees U.S. sales of about 740,000 this year
* Plans to launch two models each in 2015 and 2016
* No plan for U.S. factory
By Hyunjoo Jin and Norihiko Shirouzu
DETROIT, Jan 13 Hyundai Motor Co
expects its market share to bounce up to 4.7 percent this year
from 4.6 percent in 2013, propelled by new models such as the
revamped Sonata sedan and fewer capacity constraints, the
automaker's new U.S. chief told Reuters on Monday.
Limited production capacity keeps the automaker from getting
to 5 percent this year, David Zuchowski, President and CEO of
Hyundai Motor's U.S. unit said, adding that this was a "mid-term
The South Korean automaker, once an out performer, has lost
U.S. market share since reaching a record high of 5.1 percent in
2011, as U.S. and Japanese rivals made a comeback, and as a lack
of manufacturing capacity and newer models curbed sales.
"In 2014, my primary responsibility as president and CEO is
to make sure that I show that 2013 was an anomaly and not a
trend. So overheated trend in prior years, a little bit of
payback last year," Zuchowski told Reuters on the sidelines of
Detroit auto show.
"Let's get us back on our sustainable growth trends"
He said the growth would be driven by products. The company
will launch the new Genesis sedan, followed by the revamped
Sonata in late summer or fall. Hyundai will add two new products
next year, followed by another two in 2016.
"Again, we're back in the cycle," he said.
Effective on Jan 1, Zuchowski, a former Hyundai sales chief
in the United States, took over from John Krafcik. It was
Hyundai's first change of the top U.S. job in five years after
the company trailed market growth last year.
Zuchowski, who previously served at Ford Motors Co and
Mazda Motor Corp, expects to sell about 740,000
vehicles this year, up about 2.7 percent from 720,783 last year.
In 2013, Hyundai Motor's U.S. sales rose 2.5 percent from a
year earlier, lagging the overall market's 7.7 percent gain and
missing a sales target of 734,000 vehicles.
He said the company would be able to "squeeze" more output
from its manufacturing facilities in the United States and
import more cars from South Korea as Hyundai expands capacity in
China and other countries.
"We also get an indirect impact from additional plants in
China, Brazil and Czech Republic because it gives more
flexibility on Korean production." he said.
There are no current plans to build a new U.S. factory.
"We look at it all the time, but no plans right now," he