Thursday, June 23, 2011

Hyundai not interested in Opel, plans to boost European sales

Earlier this monthy, Germany automobile media speculated over Hyundai's purchase of Opel. Asd you already know, some automobile experts revealed GM was considering putting Opel back up for sale and in addition to VW and China's Beijing Automotive Industry Holding, Hyundai Motor Company was tipped as a possible buyer.

Hyundai Motor Company today revealed it has no interest and no plans to acquire the European carmaker. Rather than gaining the European market share by buying competitors, the South Korean carmaker wants to improve its sales by offering more new cars suited for European consumers.

Hyundai revealed today it wants to boost its European sales by 10 percent to 400.000 units in 2011 and 500.000 units by 2013 ( up nearly 40 percent from 2010!).

Speaking of new models, Hyundai plans to officially launch the all-new i40 mid-size sedan and wagon models as well as a brand-new entry-level 2012 Hyundai Veloster coupe. In 2012, the carmaker is also expected to release a 2012 Hyundai i30, which should replace the current i30 model that is being built in Czech Republic (Europe).

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