Strong European Sales for Hyundai and Kia
Sales of Hyundai and Kia are dramtically outpacing that of domestic automakers in Europe. According to the European Automobile Manufacturers Association, Hyundai posted a 17-percent increase last month, while its affiliate Kia gained 31-percent. This as Renault SA, Fiat SpA and General Motors Co.'s Opel/Vauxhall unit suffered double digit declines last month. So what's behind the strong performance from Hyundai and Kia here in the U.S. and in Europe? Well, they say it's a lot about design. Here's John Krafcik, President and CEO, Hyundai Motor America and Tom Kearns, Chief Designer Kia Design Center from the 2012 Chicago Auto Show.