Alabama NewsCenter — Hyundai sees sales returning to pre-COVID levels this year

| January 26, 2022 @ 10:00 am

By Heejin Kim
Bloomberg

Hyundai Motor Co. is hopeful the semiconductor shortage afflicting the global auto industry will ease next quarter and that its sales will return to pre-pandemic levels this year, according to the company’s executive vice president, Gang Hyun Seo.

Speaking in a call following Hyundai’s quarterly earnings, which missed analyst expectations, Seo said the chip crunch would likely continue until the end of the current quarter, with production normalizing after then.

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