Hyundai, Kia see slower sales growth in 2012

photoSEOUL (Reuters) – Hyundai Motor and affiliate Kia Motors aim to boost global vehicle sales by 6 percent this year to a combined 7 million units, which would mark a slowdown for a duo that has enjoyed double-digit sales rises in recent years. “I expect the automotive industry to see growth slowing because of the European debt crisis and the global economic slowdown, while competition is expected to intensify among automakers this year,” Chung Mong-koo, chairman of Hyundai and Kia’s parent group, said in his annual speech to employees. …