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KOREAN AUTO FIRMS CUT DOMESTIC SALES TARGETS.
SEOUL, May 3 Asia Pulse - South Korean carmakers are revising down their domestic sales targets for 2004 due to slumping consumption, industry sources said Sunday.
At the start of the year, No. 1 Hyundai Motor and four other companies set a goal of selling 1.55 million units in the local market this year.
But their sales came to a mere 259,600 units in the January-March period, a 30.9-percent tumble from the same period of a year ago.
Affected by flagging consumption, Hyundai Motor cut its 2004 ...
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Source: HighBeam Research, KOREAN AUTO FIRMS CUT DOMESTIC SALES TARGETS.