hyundai and kia expand presence in russia\s auto market to 14
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Hyundai and Kia expand presence in Russia's auto market to 14%

Arab Today, arab today

Arab Today, arab today Hyundai and Kia expand presence in Russia's auto market to 14%

Seoul - Itar-Tass

South Korea’s Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. have raised their stake in Russia's automotive market this year to a record high on the back of strong demand for their mid-sized cars, Yonhap News Agency reported on Wednesday. The two automakers garnered a combined 13.8% in the Russian auto market in the first eight months, matching a previous record high of 13.8% in 2007. Hyundai Motor, South Korea's No. 1 automaker, sold 118.43 thousand vehicles in Russia in the January-August period. Kia Motors, the No. 2 player, sold almost 129 thousand units, data of the Association of European Businesses (AEB) showed. Their market share in Russia fell to 9.7% in 2008 amid the global financial meltdown but has risen steadily since then. The record market share came more than two years after Hyundai Motor began to roll out two models - Hyundai Motors’ Solaris and Kia Motors' New Rio compacts at its assembly plant in St. Petersburg. Hyundai builds Kia Motors' New Rio there as its affiliate currently has no facility in Russia.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

hyundai and kia expand presence in russia\s auto market to 14 hyundai and kia expand presence in russia\s auto market to 14

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

hyundai and kia expand presence in russia\s auto market to 14 hyundai and kia expand presence in russia\s auto market to 14

 



GMT 00:06 2017 Thursday ,11 May

Oman Tender Board awards projects worth OMR9m

GMT 09:08 2017 Wednesday ,17 May

Oxy Oman, Al Khazaen sign rig service agreement

GMT 23:25 2017 Tuesday ,09 May

DFM honoured with Global Islamic Business Award

GMT 12:07 2013 Friday ,10 May

Egypt, Mauritania praise deals

GMT 09:18 2018 Monday ,15 January

Germany's SPD at odds over coalition plan

GMT 18:28 2016 Saturday ,10 December

Aleppo’s past splendor: A hitoric city ruined by war

GMT 20:15 2017 Tuesday ,17 October

Dollar exchange rates stable at major banks in Egypt

GMT 06:07 2017 Thursday ,03 August

Tesla fending off worker complaints

GMT 16:13 2017 Thursday ,27 July

Portugal battles raging forest fires
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday