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South Korea Auto output up 4.1 pct in May

Auto News - Published on Tue, 18 Jun 2019

Image Source: google.com
Yonhap reported that South Korea's overall auto output rose 4.1% in May from a year earlier, helped by strong demand at home and abroad, and increased working days. According to the data from the Ministry of Trade, Industry and Energy, the combined output of five carmakers here came to 366,152 units last month.

The five automakers are Hyundai Motor Co, Kia Motors Corp, GM Korea Co, Renault Samsung Motors Corp and SsangYong Motor Co.

The ministry partly attributed the increase to a rise in the number of working days in May to 21 from 20 over the cited period.

Among them, Hyundai Motor's production jumped 12.8% on year to 166,503 units in May, helped by new models, such as its flagship Palisade SUV.

Source :

Posted By : Mohan Sharma on Tue, 18 Jun 2019
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