S Korean key automakers see car sales in China cut in half 2017-04-05 11:30 SEOUL – Hyundai Motor and Kia Motors, South Korea’s top two automakers, saw car sales in the Chinese market cut in half last month, statistics showed. Auto sales in China by Hyundai and its affiliate Kia numbered 56,026 units and 16,006 units each in March, down 44.3 percent and 68 percent compared with a year earlier, according to industry data cited by Newsis local news agency. Combined sales in China of the two carmakers reached 72,032 vehicles in March, down 52.2 percent from a year ago.… Read more »

Hyundai Suspends Production at a Chinese Factory for a Week Amid Political Spat This photo taken on Feb. 21, 2017 shows a worker in a Hyundai factory in Cangzhou, in China’s northern Hebei province Mar 27, 2017 South Korea’s Hyundai Motor (hyundai.motor) on Monday said it had suspended production at one of its Chinese factories for a week, fueling concern that a diplomatic standoff may be hurting sales in the automaker’s top market. South Korean companies, from cosmetics firms to retailers, say they are being targeted in China because of Beijing’s objections to a planned deployment of the U.S. Terminal… Read more »