InfoAnda - SKorea auto industry posts modest sales increase in 2008

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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: SKorea auto industry posts modest sales increase in 2008 AFP - 1 hour 26 minutes ago SEOUL (AFP) - - South Korea's auto industry posted a modest increase in sales last year despite weak demand caused by the global financial crisis, data showed Friday. The country's five carmakers led by Hyundai Motor sold a combined 5.35 million units last year, up 2.4 percent from a year ago. Domestic sales fell 5.1 percent from a year ago to 1.15 million units in 2008, while exports rose 4.7 percent to 4.21 million units. Hyundai Motor said sales last year increased 6.9 percent from a year earlier to 2.78 million units, far lower than its initial target of 3.11 million. Hyundai's domestic sales declined 8.7 percent to 570,962 units, but exports rose 11.8 percent to 2.21 million units. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Business Satyam founders' stake falls to 5.1 pct from 8.3Reuters - 19 minutes ago SNAPSHOT - Financial Crisis - 1530 GMTReuters - 22 minutes ago 9 Muslim passengers kicked off flight after remarkAP - 25 minutes ago Ukraine pleads gas case to EuropeAP - 26 minutes ago Brazil: Foreign reserves hit highAP - 32 minutes ago Enlarge Photo SKorea auto industry posts modest sales increase in 2008 Most Popular – Business Viewed Rare Bugatti untouched for 50 years could fetch millions: report NASA describes final moments of Columbia tragedy Actress Jennifer Aniston appears naked in GQ magazine Hamas defiant as Israel rejects Gaza truce Japanese tourist spends 3 months in Mexico City airport View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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