Hyundai pins hopes for US market on new SUVs
The carmaker lays out turnaround strategy for its biggest overseas market
22 July 2019 - 18:19
Seoul — South Korea’s Hyundai Motor Co laid out its US sales turnaround plan on Monday with an expanded line-up of sport utility vehicles (SUV), after posting its biggest quarterly profit jump in seven years.
The carmaker forecast its US market share will begin rising again from this year, targeting a year end share of 4.2% versus 3.9% last year, with sales of its upgraded Palisade SUV starting from the second half. It aims for a US share of 5.2% by 2023...
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