SEOUL: South Korea’s largest automakers, Hyundai Motor and its affiliate Kia, have forecast their slowest sales growth in a decade for 2016, due to slumping demand in China and a strong Korean won.
The two companies estimated combined total sales of 8.13 million cars worldwide this year, compared to about 8.0 million in 2015, Chung Mong-Koo, who heads the Hyundai Motor Group, said in a message to employees on Monday.
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