Seoul April 9 (IANS) South Korean carmakers marked their record monthly exports last month due to robust overseas demand for small-sized cars and sport utility vehicles (SUVs) manufactured domestically a government report showed Monday.
Carmakers such as Skoda Volkswagen General Motors Honda and Toyota who have a bigger stake in the mid-size sedan and luxury vehicle segments are likely to lose the most from the plunging rupee which touched record lows on Tuesday.
Japanese automakers will compete for a dwindling number of local buyers at this week s Tokyo Motor Show as the domestic market fails to provide a haven from a strong yen that s eroding profits from overseas sales.
The two Chinese companies agreed to pay 100 million or $140 million for the struggling Swedish automaker just hours before it faced court action that could have led to its liquidation.
