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Carmakers’ April sales soar 77 pct on strong overseas demand May 3, 2021
South Korean carmakers’ sales jumped 77 percent last month from a year earlier driven by robust overseas demand for SUVs amid the extended COVID-19 pandemic, industry data showed Monday.
The five carmakers Hyundai Motor Co., Kia Corp., GM Korea Co., Renault Samsung Motors Corp. and SsangYong Motor Co. sold a combined 630,691 vehicles in April, up from 356,604 units a year ago, according to data from the companies.
Their domestic sales fell 6.6 percent to 135,601 units last month from 495,090 a year ago. But overseas sales more than doubled to 495,090 from 211,463 during the same period, the data showed.
GM Korea to halt 2 plants over chip shortage next week
Posted : 2021-04-15 09:59
GM Korea logo at its plant in Incheon / Korea Times file
GM Korea Co., the South Korean unit of General Motors Co., said Thursday it will suspend two of its three plants next week due to a lack of semiconductors parts.
GM Korea will halt the No. 1 and No. 2 plants in Incheon, 40 kilometers west of Seoul, from April 19-23 as the semiconductor supply continues to remain fluid globally, the company said in a statement. We will continue to work closely with our supply base to find solutions for our suppliers semiconductor requirements and to mitigate the impact on GM Korea. Our intent is to make up as much production lost at the plants as possible, it said.
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