Santa Fe, reborn

Home > Business > Industry

print dictionary print

Santa Fe, reborn


Hyundai Motor has unveiled a revamped Santa Fe sport utility vehicle as it aims to boost sales at home. The automaker aims to sell 152,000 units this year and 385,000 in 2013, the company said in a statement today.

The SUV will be sold at between 28 million won ($24,550) and 34 million won, Ryoo Joo-ha, general manager of domestic product marketing, said at a press conference in Incheon. Chief Executive Officer Kim Choong-ho is counting on the revamped Santa Fe — which has sold almost 2.5 million units since it was introduced in 2000 — to help revive its declining domestic sales. Hyundai, which reported fourth-quarter profit that missed analysts’ estimates, said it has spent 430 billion won since 2008 in developing the vehicle. [BLOOMBERG, NEWSIS]

More in Industry

Buffet restaurants adapt to pandemic by nixing the buffets

Sale of Doosan Infracore stake could be opportunity for Hyundai Heavy

Volvo XC60 ranks No. 1 for residual value in Encar study

Binggrae to scoop up ice cream competitor after FTC approves merger

LG accepting orders for rollable, $85K television

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now