Hyundai, Kia See Double-Digit Sales Growth for June

Reuters - June 30, 2011

South Kore­an automak­ers Hyundai Motor and Kia Motors con­tin­ued to post dou­ble-dig­it annu­al sales growth for June dri­ven by brisk sales of new mod­els. This bodes well for sec­ond-quar­ter earn­ings to be released lat­er this month. The duo, which ranks fifth in glob­al car sales, should con­tin­ue to post healthy sales and earn­ings in the sec­ond half, but face the chal­lenge of man­ag­ing investor expec­ta­tions in the face of the weak­en­ing glob­al econ­o­my and reviv­ing Japan­ese rivals.