Hyundai mulls lowering Aslan production

[THE INVESTOR] Hyundai Motor is considering halting the production of the large sedan Aslan due to slow sales, local media reported on Aug. 9.

The Aslan, launched in late 2014, has seen sales plunge 80 percent this year with customers opting for Kia Motors K7 and other rival models.

According to the company, Aslan sales have dipped to a monthly average of 168 units this year. 

In comparison, at its peak, monthly sales had surpassed 1,000 units.

Hyundai Motor, however, said that the company has not given up on the Aslan, saying that a facelift model is in the works, and that production will be raised to normal levels when sales pick up. 

The company is said to have sufficient inventory of the Aslan for the time being, and said that the output change is part of its plans for streamlining production.

By Choi He-suk (cheesuk@heraldcorp.com)