>> ASIAONE / MOTORING / NEWS / STORY
Global car sales to grow 6% in 2010: Hyundai
Fri, Oct 30, 2009
Reuters

SEOUL - Global car sales are expected to grow about 6 percent to 65 million vehicles in 2010 as a financial crisis ends, helping demand revive, Hyundai Motor Group's research body said on Friday.

But a full recovery will not be possible until after 2011 as governments are set to scrap stimulus measures to boost car demand and oil prices are rising, the Korea Automotive Research Institute (KARI) said in a statement.

"Business conditions for the auto industry in 2010 are expected to improve from this year when it faced the worst
circumstances," said KARI, the research body of the world's No.4 auto maker based on sales in the first half of this year.

On Oct. 22, a company executive at Hyundai Motor Co, South Korea's top car maker, said it expected global car demand to grow up to 5 percent next year on an economic recovery.

 

 

 

 

 

 

 

 
STORY INDEX
 
  Global car sales to grow 6% in 2010: Hyundai
   
 
  Apec Singapore: Traffic arrangements for rehearsals
   
 
  Road pricing gaining converts
   
 
  More distributors eyeing used car business
   
 
  VW counts on China for 2009 profit
   
 
  Crackdown on errant cyclists
   
 
  EU starts clampdown on gas-guzzling vans
   
 
  Mazda lifts guidance as H1 sales beat target
   
 
  Mitsubishi Motors posts interim loss
   
 
  Can China's Geely retain Volvo's reputation for safety?
   
We welcome contributions, comments and tips.
a1motor@sph.com.sg