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HYUNDAI MOTOR GROUP AIMS FOR 17.6 PCT SALES GROWTH IN 2006.
SEOUL, Jan 2 Asia Pulse - Hyundai Motor Group, South Korea's dominant auto conglomerate, said Monday it will seek to boost sales by 17.6 per cent this year, as part of a drive to become one of the top five automakers in the world by 2010.
The conglomerate, whose affiliates include Hyundai Motor Co. (KSE:005380), Kia Motors Corp. (KSE:000270), Hyundai Mobis Co. (KSE:012330) and INI Steel Co. (KSE:004020), aims to report 100 trillion won (US$98.7 billion) in total sales for this year, compared with last year's estimated 85 trillion won, the group said in a statement.
Hyundai and Kia also intend to sell a combined 4.12 million cars in 2006, up 16 per cent from estimated sales of 3.55 million in 2005, according to the statement.
To meet the targets, Hyundai Motor Group plans to invest 8.54 trillion won this year, up 29.6 per cent from last year, the statement ...
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Source: HighBeam Research, HYUNDAI MOTOR GROUP AIMS FOR 17.6 PCT SALES GROWTH IN 2006.