Hyundai and Kia plan to do a combined 1.3 million sales in Europe by 2008, according to company spokemen - a move that would put them at the same level as Ford and Renault in the crowded European market. The Korean company has followed the same playbook as others by establishing strong growth as an importer (sales have increased 70% over the past two years), and then building domestic production capability. This will come in the form of two plants in Slovaki and the Czech Republic, having a combined capacity of over a half-million annual units. What scares competitors is that the planned increase in Hyundai and Kia sales is more than the growth of the entire European market, meaning that the company intends not only to soak up all the new growth, but also take existing sales away from established competitors. Does that story sound familiar?
Hi! We notice you're using an ad blocker. Please consider whitelisting Autoblog.
We get it. Ads can be annoying. But ads are also how we keep the garage doors open and the lights on here at Autoblog - and keep our stories free for you and for everyone. And free is good, right? If you'd be so kind as to whitelist our site, we promise to keep bringing you great content. Thanks for that. And thanks for reading Autoblog.
Here's how to disable adblocking on our site.
- Click on the icon for your Adblocker in your browser. A drop down menu will appear.
- Select the option to run ads for autoblog.com, by clicking either "turn off for this site", "don't run on pages on this domain", "whitelist this site" or similar. The exact text will differ depending on the actual application you have running.
- Refresh the Autoblog page you were viewing. Done!
You still haven't turned off your adblocker or whitelisted our site. It only takes a few seconds.