Hyundai Motor chairman says auto market 2016 outlook 'not bright'

December 15, 2015 6:32 AM

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Hyundai Motor chairman says auto market 2016 outlook 'not bright'

SEOUL The outlook for the global auto market is "not bright" next year, Hyundai Motor Group Chairman Chung Mong-koo said on Tuesday, indicating 2016 will be another challenging year for the world's fifth-largest automaker.

Speaking to the heads of the automaker's overseas units, Chung said growth this year was constrained by a weak global economy, the economic slowdown in the world's second-largest auto market China and a decline in emerging market demand.

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