South Korean carmakers' sales dip on strikes
SEOUL (Reuters) - Combined sales of South Korea's
automakers dipped 0.7 percent from a year ago, data from
companies showed on Wednesday, hit by partial strikes at Hyundai
Motor Co and weaker domestic demand amid credit crisis worries.
Hyundai and the country's four other auto
companies sold 387,272 vehicles in September, compared to 389,834
a year earlier and up 5.8 percent from 365,874 in August.
Local sales fell 14.7 percent to 77,635 vehicles in September
from 90,957 a year ago, while overseas sales rose 3.6 percent to
309,637 vehicles in September from 298,877 a year earlier.
Auto exports, which account for 10 percent of all South
Korean exports, fell an estimated 18.4 percent in value from a
year ago, data from the Ministry of Knowledge Economy showed
earlier.
Sales of Hyundai edged up 0.6 percent from a year ago, but
its local sales dropped 35.3 percent as unionized workers at the Continued...


