The company's chairman, Chung Mong-koo (pictured), delivered this statement during a visit to the company's manufacturing facilities in Alabama and Georgia. To make up that 1.06-million-sales goal, Hyundai is targeting sales of 624,000 units, while Kia is anticipating 433,000 sales. Combined, the automakers sold 894,496 vehicles in 2010.
Mong-koo's visit to the U.S. also created speculation that the automaker may be looking to add another manufacturing facility here in the States. Currently, Hyundai/Kia has a plant in Alabama that manufacturers the Sonata and Elantra sedans, as well as a facility in Georgia that produces the Sorento and Santa Fe crossovers. According to Reuters, Hyundai has denied plans for an additional U.S. factory.