It was another year of sinking profits for Hyundai in 2015. The Korean carmakers profits were just $5.6 billion, its lowest in five years. The biggest reason for this precipitous drop? The company didn’t see rising demand for SUVs in China, and sales fell 4% for the year. The company says it expects a surge in sales for 2016 and anticipates selling just over 5 million cars worldwide, a slight 1% increase from 2015.
News about Hyundai Motor
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