Hyundai-Kia Car Sales up by 24 Percent in 2010, More Gains Expected

Hyundai Motor expects to boost car sales 10 percent this year, after a 24 percent jump in 2010.

World No.5 Hyundai and affiliate Kia became among the top performers during the financial crisis and now plan to gain market share further on the back of new models.

South Korea’s No.1 said Monday it is targeting sales of 6.33 million cars in 2011, that’s up from 5.75 million last year.

Both Hyundai and Kia, which rank in the Top 10 for U.S. sales, will release December results later on Monday.

The two automakers shared the top spot for crash safety in a broad review of 2011 models published by the Insurance Institute for Highway Safety.

In 2010 shares of Hyundai rose 43 percent, while Kia gained a whopping 152 percent, and both stocks were higher in early trade on Monday.

Foto: NTDTV