Hyundai replaces China executives after sales slump

August 18, 2015 10:39 AM

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Hyundai replaces China executives after sales slump

SEOUL Hyundai Motor Co (005380.KS) and sister firm Kia Motors Corp (000270.KS) replaced three China executives, the South Korean carmaker said on Tuesday, after sales skidded in the country, the group's largest market.

Hyundai and Kia, which together are the world's fifth-largest automaker by sales, saw their July China sales fall by 32 and 33 percent, respectively, from a year earlier.

Also read: SUV boom leads Ford to sales gain in China

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