Indonesia Astra says may miss '08 auto sales target

Newswire

JAKARTA, May 28 (Reuters) - Indonesia's largest automotive distributor, PT Astra International Tbk , may miss its sales target for this year amid weaker consumer spending due to higher fuel prices, a company director said on Wednesday. The government on Saturday raised domestic subsidised fuel prices by nearly 30 percent to reduce budget subsidies, prompting concerns it would hurt consumer demand for goods such as cars in Southeast Asia's top economy. "Our automotive sales are likely to ...

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