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Sunday, 26 April 2009 - SKorean auto exports fall in first quarter
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    Read more with google mobile : SKorean auto exports fall in first quarter

    Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: SKorean auto exports fall in first quarter AFP - Sunday, April 26 SEOUL (AFP) - - South Korean car exports fell sharply in the first quarter to March due to weak demand amid the global economic downturn, an association of local carmakers said. ADVERTISEMENT The Korea Automobile Manufacturers Association said in a report carried by the Yonhap news agency that car shipments dropped 47.4 percent year-on-year by value to 4.37 billion dollars for January-March. The number of cars shipped overseas also fell 36.5 percent year-on-year to 436,285 during the period, the report said. The bigger-than-expected sales drop by value was due to a growing number of shoppers opting for small cars, rather than higher value large sedans or sports-utility vehicles, it said. South Korea's top carmaker Hyundai Motor said Thursday its net profit plunged 43 percent year-on-year to 224.9 billion won (166.7 million dollars) in the first quarter due to weak sales amid the global economic downturn. Operating profit fell 71 percent year-on-year to 153.8 billion won as sales dropped 26 percent by value to 6.03 trillion won for January-March, it said. Email Story IM Story Printable View Blog This Recommend this article 0 users recommend Sign in to recommend this article » Most Recommended Stories » Related Articles: Business China set to spend $10B more of stimulus packageAP - 51 minutes ago Israel's Koor cuts Credit Suisse stake to 2.78 pctReuters - 55 minutes ago Qatar Islamic Bank unit starts sukuk fundReuters - 59 minutes ago Oman's Raysut Cement Co Q1 profit falls 34 pctReuters - 1 hour 19 minutes ago China, Taiwan in landmark financial services dealReuters - 1 hour 22 minutes ago Enlarge Photo SKorean auto exports fall in first quarter Most Popular – Business Viewed Charred meat linked to pancreatic cancer risk Downturn hits Elton John, Paul McCartney 'Golden Girls' Beatrice Arthur, dead at 86 Albino buffalo a first for Kenya Toyota's Trulli on pole for Bahrain Grand Prix View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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