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Hyundai's 2005 global sales soar to 3.55 mil. vehicles.

SEOUL, Jan. 3 Kyodo

Hyundai Motor Co. and its affiliate Kia Motors Corp. sold 3.55 million vehicles worldwide in 2005, up 11.9 percent over the previous year, according to the largest South Korean automaker.

On a value basis, combined sales at the two automakers shot up 13.3 percent to 85 trillion won, or 9.9 trillion yen.

For 2006, the Hyundai group will boost capital outlays to as high as 8.54 trillion won, up 29.6 percent over the previous year, it said.

The upbeat investment program is designed to bolster production in Europe, China and the United States with the carmaker hoping to sell 4.12 million units worth a total of 100 trillion won, it said.

In 2005, Hyundai Motor Manufacturing Alabama LLC started producing cars in the U.S. state of Alabama.

Sales of its mainline sedan, the Sonata, fared well both at home and in overseas markets, spearheaded by Europe and the United States.
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Publication:Japan Transportation Scan
Geographic Code:9SOUT
Date:Jan 2, 2006
Words:162
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