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02/06/2011 00:00 AST
South Korea's five automakers, led by Hyundai Motor Co and its affiliate Kia Motors Corporation, said that their global sales gathered further ground in May 2011 thanks mainly to rapid gains in overseas markets.
The combined sales of the five automakers, also including GM Korea Co, the South Korean unit of the world's largest automaker General Motors, came to 638,110 units in May 2011, up by 14.4% from the 557,755 vehicles sold a year earlier. The May 2011 growth rate was up from a 10.7% YoY increase recorded in the previous month.
Their sales in overseas markets jumped 17.3% to 518,418 units in May 2011 while domestic shipments rose 3.4% YoY to 119,692 units. South Korea's other automakers are Renault Samsung Motors Co, the local unit of French automaker Renault SA and Ssangyong Motor Co.
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Steelguru
| Index | Closing | Change |
|---|---|---|
| NIKKEI 225 | 36,581.76 | -251.51 (-0.68 |
| DAX | 18,699.40 | 181.01 (0.97 |
| S&P 500 | 5,626.02 | 30.26 (0.54 |
14/09/2024
Federal Reserve officials head into their policy meeting Tuesday closer to their goal of low inflation, but how much they will ease back on interest rates remains an open question.
A week's
AFP
05/04/2018
Stock markets recoiled on Wednesday as China retaliated in an escalating trade war with the United States, leaving investors reluctant to take positions in anything but the safest of assets.
The Gulf Today
04/04/2018
Egypt will start meeting bond investors in Europe this week ahead of a potential euro-denominated bond issue, a document from one of the banks appointed to arrange the meetings showed on Tuesday.
Gulf News
04/04/2018
Foreign investment in France rose 16 per cent in 2017 to levels not seen for a decade as President Emmanuel Macron's (pictured) bid to attract money from abroad gains pace, a government report said o
Oman Daily Observer
03/04/2018
Explaining Japan's economy to foreign audiences is hard.
One big reason for this is that explaining something as large and complex as a $5 trillion economy is an inherently difficult task - the
The National
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