Hyundai-Kia use more than 100% of its capacities
- Seung-Tack Kim, International manager of Hyundai announced that Hyundai and Kia plants run at over 100% of their capacities. The Korean group will produce 7.1 million vehicles in 2012 (versus 6.6 million in 2011) for a potential of... 7,000,000 (two teams).
- "We must therefore use overtime to meet the demand," precise M.Kim, adding that the group does not want overcapacity that may influence its sales prices.
- The Korean group prefers to add new teams in existing plants rather than building new plants, for economical and financial reasons.