Friday, October 14, 2011

New trade agreement may mean more domestics sold in South Korea

New trade agreement may mean more domestics sold in South Korea

In 2010, domestic automakers shipped about 7,500 vehicles to Korea, representing less than one percent of its auto market. To add insult to injury, well over half a million Korean cars were sold here. But that could all change, according to Ford CEO Alan Mulally, who told The Detroit News that a new trade agreement "will open new opportunities for Ford to reach even more Korean customers.". The U.S.

Autoblog, New trade agreement may mean more domestics sold in South Korea