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South Korean Automakers Grapple with Lower Demand
June 15th, 2020 - 06:00 GMT

South Korean Automakers Grapple with Lower Demand

Automakers in South Korea are grappling with a decline in output and lower demand amid the coronavirus pandemic, industry sources said Sunday, with some of them seeking to cut costs and secure cash via asset sales. Auto output in the country reached 1.33 million in the first five months of the year, the lowest since 2009 when the comparable figure was 1.21 million, according to the data from the Korea ...
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