Automotive Industry

Hyundai to gain most as Korea relaxes diesel rule; Diesel passenger cars poised to win a big share of local market following government's 'enlightened' move.(News)

Automotive News Europe, April, 2003

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Byline: Peter Chang

The south Korean government has decided to allow sales of diesel-powered passenger cars in the country starting in January 2005.

Currently only sport-utility vehicles and trucks can be powered by diesels in South Korea.

The move to increase diesel availablility is widely seen as strengthening the country's dominant carmaker, Hyundai Motors in its effort to penetrate Europe.

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"The Korean government is moving to protect the local auto industry by bolstering the industry leaders such as Hyundai Motor and Kia Motors," said Kim Sang-ik, an auto ...

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Automotive Industry

Hyundai to gain most as Korea relaxes diesel rule; Diesel passenger cars poised to win a big share of local market following government's 'enlightened' move.(News)

Automotive News Europe, April, 2003

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