Wednesday 29 October 2014

9% stake «Hyundai» and «Kia» in the global market





Retained giants Hyundai and Kia Motor share of the global market for cars in the third quarter of this year despite the South Korean currency strength of the global economic slowdown. 

According to news agency «Yonhap» that the South Korean Hyundai and Kia models, which represent the main belonging to the Hyundai Motor Group, sold together 

1.89 million vehicles in the period from July to September, up 2.7% from the same period last year. 

This figure represents 9% of the total global demand for cars and car's 20.9 million, according to estimates by the company «L. EMC» Global Research cars. 

And recorded their share of market in the third quarter, down 0.1% from the second quarter's 9.1%. And despite the fact that sales of automakers saw up in the third quarter, the sharp rise in the local currency value of the Korean «won» against the US dollar and the Japanese yen hurt profits . And reduces the height of the local currency value of product competitiveness in international markets.

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