Hyundai Motor Co. won't meet its target to
sell 300,000 vehicles from its Alabama plant this year due to
sluggish demand in the U.S. due to the mortgage crisis, the company
Hyundai Motor sold 237,000 vehicles from the plant through the
end of November and expects sales for the year to reach about
Hyundai Motor, the world's sixth largest carmaker by sales, is
now setting a target of 300,000 units sold from the Alabama plant
for next year. It expects the 2008 sales to be boosted by a redesign
of its Sonata Sedan.
Jake Jang, a Hyundai Motor spokesman, said the Alabama plant will
begin making an upgraded version of the Sonata model in January and
that it will be available for sale in the United States in February.
The company will also start exporting its premium Genesis sedan
to the world's largest automobile market in the first half of next
year, Jang said.