FILE PHOTO: Employees of Hyundai Motor Group leave after the company's new year ceremony in Seoul, South Korea, January 2, 2020. REUTERS/Kim Hong-Ji
SEOUL (Reuters) -South Korea's Hyundai Motor Co and affiliate Kia Corp on Monday forecast that their combined global sales will jump 12.1% in 2022, even as last year's sales fell short of target due to a global chip shortage.
The companies sold 6.67 million vehicles in 2021, about 3.7% less than their combined target of 6.92 million vehicles, largely due to supply problems including the chip shortage, which drove down vehicle shipment.
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