Georgia conflict could threaten Russia car sales

Newswire

By Simon Shuster MOSCOW, Aug 26 (Reuters) - The conflict in Georgia has hit Russia's consumer confidence and raised fears of a short-term sales slump in the profitable car market leading into next year, the head of Hyundai's Russia unit told Reuters on Tuesday. Korea's Hyundai Motor Co , which expects to sell more than 100,000 cars in Russia this year, up 54 percent from 2007, has already felt the shockwaves from the crisis in the Caucasus, said Denis Petrunin, managing director of ...

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