Hyundai to miss target for first time since 2008

Seoul

HYUNDAI Motor Co is poised to sell fewer vehicles than it projected for the first time since the global financial crisis, after an economic slowdown sapped demand in China and emerging-market earnings slumped due to unfavourable exchange rates.

South Korea's largest carmaker will have to sell at least 50 per cent more than its monthly average this year in December to reach its full-year target of 5.05 million vehicles.