US EditionCarmakers face double whammy of export fall, domestic slump amid leadership vacuum
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Carmakers face double whammy of export fall, domestic slump amid leadership vacuum
The nation’s auto industry is trapped in a double whammy of drastic declining exports and a domestic consumption slump amid a prolonged leadership vacuum. The export decline is attributed to U.S. President Donald Trump’s 25 percent auto tariff, which is expected to cause serious earnings damage to Hyundai Motor, Kia and General Motors (GM) Korea. The weakening domestic consumption is also cited as another major risk for the major automakers. Dat…
·Korea, Republic of
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