S. Korea’s automobile exports and production slump in April

The number of vehicles sold in South Korea
increased in April,… but the slump continues for production and export rates. According to the trade ministry, last month,
car sales jumped four-point-seven percent on-year.. But domestic vehicle production dipped six-point-four
percent. Auto exports were also eight percent lower
than the same period in 2017, due to lower demand overseas, and increased competition
from rival brands. GM Korea’s sales plummeted by more than 54
percent due to consumers’ concerns over its revival plan.

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