Hyundai chief has gloomy outlook for 2016
Hyundai Motor's top executive has said the outlook for next year was "not bright".
Group chairman Chung Mong-koo told the heads of the automaker's overseas units growth in 2015 was constrained by a weak global economy, the economic slowdown in the world's second-largest auto market China and a decline in emerging market demand, Reuters reported.
"Considering many leading indicators, the outlook for next year's auto market is also not bright," he said.
Chung reportedly told the meeting the company must build on the launch of new eco-friendly vehicles and the introduction of its high-end Genesis brand.