CHINA: Hyundai Motor’s China sales up 66% this year
Hyundai Motor says it saw a 66 percent year-on-year sales jump in China during the first seven-month period of 2009 thanks to stimulus packages by the Chinese government.
Hyundai Motor says it saw a 66 percent year-on-year sales jump in China during the first seven-month period of 2009 thanks to stimulus packages by the Chinese government.
Hyundai’s total sales of vehicles stood at 300,816 units in the January-July period, sharply up from last year’s sales of 294,506 units, the company said.
The automaker said its gain sprang up mainly due to China’s tax cuts on small vehicles, cars with an engine size of 1.6 litres or less.
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