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The South Korean automaker said it will focus on quality and consolidate its internal management rather than excessively expanding this year as it tries to deal with challenges. "This means the company will concentrate on raising the profitability of its existing models through various sales tactics," said Chung Sung-yop, an analyst with Daiwa Securities in Seoul. He also expects the company to invest further this year in burnishing its brand at home and abroad. Hyundai Motor owns a large stake in Kia Motors, South Korea's second-largest automaker, and they together form one of the world's largest auto groups.
[Associated
Press;
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