Indonesia's Astra raises 2004 auto sales outlook

Newswire

JAKARTA, May 17 (Reuters) - Indonesia's biggest auto distributor, PT Astra International Tbk , said on Monday it had boosted its growth target as strong election spending, inexpensive models and favorable financing pushed its market share closer to 50 percent. Astra President Budi Setiadharma, encouraged by strong sales from January through April, told reporters: "If the elections run smoothly, (domestic auto sales) could reach 420,000 units in 2004." "Astra itself has raised its ...

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