Hyundai sees European car demand shrinking in H2

Hyundai Motor Co, South Korea's top auto maker, expects car demand in Europe to shrink in the second half as government incentives for new cars are phased out, an executive said today.

Hyundai executive vice-president Lee Won-hee said the world's No 5 car maker along with its affiliate Kia Motors Corp saw sales growth in China slowing down slightly in the second half, although it would still be strong.

Hyundai expects to maintain strong growth with new models and is likely to exceed its business targets, Lee told investors.