S.Korea industry group sees bumper '04 auto output

Newswire

SEOUL, Nov 26 (Reuters) - Combined output at South Korean automakers is expected to hit a record 3.31 million units next year, spurred by new models, lower oil prices and a rebound in domestic demand, an industry association said on Wednesday. The forecast for next year is up 8.4 percent from this year's estimate and reflects an expected 5.1 percent growth in exports to 1.79 million units, an official at the Korea Automobile Manufacturers' Association said. Local sales were expected to ...

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