SOUTH KOREA: Hyundai boosts export targets, announces new European HQ and R&D centre
Hyundai is targeting a 7.8 percent rise in Western European car sales this year, despite a forecast fall in sales. The company wants to sell 275,000 cars for a market share of 1.8 percent. A US sales target of 464,000 has been set and Hyundai plans to export a total of one million cars in 2002, up from 887,000 last year. Export sales were strongest in the US, where sales increased 26 percent, and India where the company, with volume nudging the 100,000 mark last year, is now second only to Suzuki-affiliated Maruti.
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