Monday, February 2, 2009

Hyundai's sales in China sets highest record in Jan.

Special Report:Global Financial Crisis

SEOUL, Feb. 2 (Chinese media) -- South Korea's biggest automaker Hyundai Auto

The rise in Hyundai's sales is attributed to the lowered tax on vehicles with smaller than 1.6-liter engine displacements in China and the companies' quick responses to the changes in China's market, said Hyundai at a news release.

On Jan. 20, the Chinese government lowered the tax imposed on automobiles with engine displacements smaller than 1.6 liters from 10 percent to 5 percent.

Hyundai said that its goal of the year is to increase Beijing Hyundai's sales by 22 percent.



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