JIN Business Reports Japan's Automotive Industry and
Hyundai's Growth
JIN Business Reports Japan's Automotive Industry and Hyundai's Growth
Tokyo, December 22 2005--An article on Japan' s automotive industry appears on
JIN Business, the online news service recently launched by Japan Information
Network (JIN), Japan's largest portal site offering information about Japan for
overseas users. The article indicates that South Korea's Hyundai Motor is
breathe on GM's neck.
The article is on the website of JIN Business
CLICK HERE).
Toyota Fears Hyundai More than GM
Toyota Motor Corp. is looking more likely to cruise past General Motors
Corp., the world's largest carmaker, in unit production and sales next year.
The main reason is that its US rival, which is facing a sales slowdown in its
home market, will next year close a number of assembly lines. Toyota, however,
is not gloating. It fears that ill feeling might arise in America if it really
overtakes GM, which is both a flagship company in automaking and a national
symbol. At the same time, a growing view within Toyota is that its main rival
is no longer GM but Hyundai Motor Co. of South Korea.