South Korean carmaker Hyundai Motor and its subsidiary Kia said on Monday that they expect to exceed their 2022 global sales target of 7 million cars. The confident start to the new year is a big improvement on 2021, when the carmakers missed their minimum sales target, largely due to the global chip shortage delaying vehicle deliveries for many manufacturers. Hyundai Motor Group is the world’s fifth largest car company and, with Kia sales included, has set a combined sales target of 7.47 million cars for 2022, according to figures presented by both companies on Monday. The sales target is 12 …

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