Hyundai Motor`s auto sales fall 3.2 pct in February

SEOUL, March 2 (Yonhap) -- Hyundai Motor Co., South Korea's biggest automaker,
said Monday sales fell 3.2 percent last month as the global downturn hit demand
for its vehicles.
Hyundai sold 203,236 vehicles in February with domestic sales declining 6.1
percent to 44,848 units and exports falling 2.3 percent to 158,388 units, the
company said in a statement.
Like other global peers saddled with the deepening global economic crisis,
Hyundai is cutting working hours and idling some of its production lines to cope
with rising inventories of unsold vehicles.
Hyundai and its affiliate Kia Motors Corp. plan to cut output at their plants in
South Korea by 25 to 30 percent in the first-quarter of this year.
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