Hyundai to nudge $99b of sales in 2006
Afp, Seoul
South Korean auto giant Hyundai Motor Group said Monday it was aiming to sell over four million vehicles in 2006, boosting sales by nearly 18 percent to around 99 billion dollars. The group set its sales target at 100 trillion won (98.7 billion dollars) for the year, up from last year's estimated 85 trillion won. The conglomerate said it expected to sell 4.12 million units in 2006, up 16 percent from estimated sales of 3.55 million in 2005. The group plans to invest 8.54 trillion won -- 5.24 trillion won for facilities and 3.3 trillion won for research and development -- in 2006, up 29.6 percent from last year.
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