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BRIEFING - ASIA AUTOMOTIVE - JAN 1, 2004.

AsiaPulse News

| January 01, 2004 | COPYRIGHT 2004 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

An executive briefing on the automotive industry for Jan 1, 2004, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.

HYUNDAI INCREASES OFFSHORE PRODUCTION

SEOUL - The Hyundai Motor Co. said Wednesday that it sold 1.98 million cars in 2003, with combined sales reaching 27.8 trillion won (US$23.2 billion).

South Korea's largest automaker then said it sold more than billion worth of cars abroad, with noticeable inroads made into places like China, India and Turkey.

CHINA'S FAW REPORTS RISING SALES, OUTPUT

CHANGCHUN - China's largest automobile maker FAW, based in Changchun, capital of northeast China's Jilin Province, has sold 900,000 motor vehicles this year.

During the period, the FAW-Volkswagen Automotive Company Ltd. reported total sales of 298,000 Jetta, Audi and Bora cars, ...

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Source: HighBeam Research, BRIEFING - ASIA AUTOMOTIVE - JAN 1, 2004.

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