The Detroit News is citing a new report that says South Korea
will produce 4.8 million unites by 2008. Last year South Korean
auto makers produced 3.47 million cars.
South Korean auto manufacturing will rise 44 percent to more than 5 million
units by 2012, with 2.1 million produced in factories overseas, a report
said Tuesday.
The predicted steady growth would give brands such as Hyundai, Daewoo and Kia a 7.8 percent share of the global market, the Yonhap news agency said, citing
research by the Korea Institute for Industrial Economics and Trade.
South Korean makers made 3.47 million automobiles last year, and the figure
will rise to 4 million by 2007, the report said. Output will reach 4.8
million units by 2008, after which production will slow slightly, the it said.
