Hyundai sold less cars in the Philippines last month as stronger global demand put a rein on supply, prompting the company to make a forward-looking statement about better days ahead.
Sales dropped 31 percent to 1,632 units in February from 2,369 a year earlier, according to Hyundai Asia Resources Inc. (HARI).
Hyundai has become the world’s first automaker to begin producing hydrogen fuel cell-powered vehicles, going to production with the Hyundai ix35 Fuel Cell in Korea.
Hyundai Motor Co. agreed to settle a group of lawsuits by U.S. customers who said they were misled into buying the South Korean carmaker’s vehicles because it overstated their fuel economy.
