South Korean carmaker Kia, a unit of Hyundai, expects to see record sales in Europe this year, helping to make up for a drop in sales in China, its European chief said Tuesday.
"We hope to close (with an increase of) nine percent," Kia Motor Europe's chief operating officer, Michael Cole, told AFP in an interview on the sidelines of the IAA motor show.
The company was targeting European sales of 385,000 vehicles this year, up from 354,000 in 2014, Cole said.
"That will be our seventh consecutive year of growth in the Western Europe region," he continued.
Kia Motors Europe covers the 28 countries of the European Union.
And the strong performance in the region is all the more welcome in face of the strong won and falling sales in China, which plunged by 33 percent in July and 45 percent in August, Cole said.
"We all know China is pretty tough. It experienced two very difficult months. It's a challenge for us as for all automotive brands," he said.
But Kia was confident because of the tailwind from its strong performance in the United States and in Europe, he said.
"My personal view is the market in Western Europe will finish up between six and eight percent. We in that market will be stronger," Cole said.
At the IAA, which opened its doors to the media on Tuesday and will be open to the general public from Saturday, Kia is hoping to woo customers with a new version of its Sportage crossover, scheduled to go on sale at the beginning of next year.
It was the car "that has helped change the reception of the brand, more than any other," Cole said.
The sports utility vehicle, or SUV, is a rival to Volkswagen's new Tiguan.
Cole said Kia expects to sell a record 100,000 of the old version of Sportage this year, but gave not sales target for 2016.
GMT 09:47 2018 Tuesday ,23 January
SAP unveils big push into French tech start-upsGMT 05:07 2018 Tuesday ,23 January
Noble Group shares surge 37 percent on buyout talksGMT 19:07 2018 Monday ,22 January
BAKS spent Dh225m on charity projects in 2017GMT 22:52 2018 Sunday ,21 January
French firm "recalls baby milk product"GMT 22:27 2018 Sunday ,21 January
US company plans funds that double bitcoin price movesGMT 21:23 2018 Sunday ,21 January
Pence starts Mideast tour in Egypt amid Arab angerGMT 08:54 2018 Saturday ,20 January
Million-euro bill for firm behind Paris bike-share chaosGMT 10:47 2018 Friday ,19 January
German chemical giant BASF sees 'significant' profit leapMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor