Bloomberg News

Hyundai Forecasts Industry Demand to Rise 4.3% in 2011

October 27, 2011

(Corrects forecast in headline, first paragraph.)

Oct. 27 (Bloomberg) -- Hyundai Motor Co. expects demand in the car industry to rise 4.3 percent to 75.4 million vehicles this year, Chief Financial Officer Lee Won Hee said in a conference call today.

Hyundai Motor, which reported earnings today, will probably sell more than 4 million vehicles this year, he said.

To contact the reporter on this story: Rose Kim in Seoul at rkim76@bloomberg.net

To contact the editor responsible for this story: Young-Sam Cho at ycho2@bloomberg.net


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