South Korea's largest car maker Hyundai Motor has scaled down its sales targets in China and the United States due to tough market conditions, officials said Monday.
The firm said its venture in China reduced its annual target from 320 000 units to 260 000 in the first such move since the Chinese business was launched in 2002.
"The company will cut prices in China to cope with poor sales and competition," a Hyundai spokesman told AFP.
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