South Korean Automakers Report Record Sales

Five South Korean automakers on Oct. 2 reported record sales in September after strikes ended and demand grew at home and abroad.

Hyundai Motor, Kia Motors, GM Daewoo Auto and Technology Co., Ssangyong Motor Co. and Renault Samsung Motor Co. sold a combined 547,371 vehicles last month, up 43.2% from September 2005.

Industry leader Hyundai Motor posted the highest monthly sales of 264,014 vehicles in September, up 52.3% from a year earlier. Domestic sales jumped 47.1% percent to 56,093, with exports amounting to 207,921 vehicles, the company said.

Exports of vehicles produced in South Korea rose 75% while car sales from overseas plants grew 29.9%.

"Sales greatly improved as the labor union ended its strike in late July, normalizing operations on all our production lines," the company said.

Copyright Agence France-Presse, 2006

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