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Hyundai Motor feels heat from Japanese rivals in China

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Too much % and not enough numbers making this unreadable. If Honda sales jumped 211% that could be a move from just 100 cars to 211 cars. Quite small. Hyundai is 1% down, but 1% of what?

6 ( +9 / -3 )

the big Hyundai cars look sharp and cheap at the same time. i would have thought they would fit in well in the Chinese marketplace (not meaning to sound funny or anything) they must give more bag per Yuan for the same class size of car.

0 ( +2 / -2 )

And Hyundai and the Japanese makers are feeling the heat from GM! GM sold over 282,000 cars in China in October, Toyota sold just 82,000, and that was an 81% gain from a year ago.

-1 ( +3 / -4 )

Hyundai??? Speaking of low quality. Same with Samsung.

-4 ( +4 / -8 )

Then how come Korea's exports to China has bypassed Japan's, making South Korea, the number of importing country for China? S.Korea is headed for nearly $200 billion exports to China for all of this year, far surpassing second place Japan. This despite the strong Korean currency, while Japanese currency is sinking like a rock in the water. You would think that it should be the other way around, with cheap Japanese products that's armed with cheap Japanese yen. But that's not the case, other then maybe except for cars.

-7 ( +1 / -8 )

i see, so 200 billions/year export to China. Doesn't that mean if China stop buying your goods, you'll go shit!! considering your export is roughly 600 billions, that's 1/3 of your total export already.

and that 200 billions/year is way higher than what US export to China, does that mean your K goods are better than our USA made goods?

1 ( +2 / -1 )

I'm happy that SKorea export to China is far surpassing Japan. After seeing the violent Chinese rioters madly destroy, set fire, loot Japanese companies in China, I've been hoping J companies move out of there.

-2 ( +2 / -4 )

The Koreans and Japanese feeling the heat from Government Motors? You mean the same car company that couldn't stand on its own feet after the 2008 financial crisis?

-1 ( +1 / -2 )

Toyota Motor Corp and its two local joint-venture partners saw China sales jump 41% in November from a year earlier, while Honda Motor Co Ltd posted a 102% jump in China sales in the same period.

China is a big fat hypocrite. They rioted against Japan and destroyed their products but in fact they love it.

“My view is that the upcoming Genesis and Sonata will not have as much impact as they did in the past, because of the lack of innovations in design and powertrain,” he said.

In addition to that, The car brand "Hyundai" (and Samsung) sounded like chinese. And the chinese prefer western-sounding brands rather than cheap locals and chinese-sounding foreign brands.

Samsung is in the same track with Hyundai.

http://finance.yahoo.com/news/apple-s-mobile-china-win-could-be-a-loser-for-samsung-155550722.html

1 ( +3 / -2 )

China still has much to learn & absorb from Japanese auto industry just as the Koreans did. It's about "keeping your friends close but your enemy closer" for China. When all is taken, China will discard both Korean & Japanese makers. It's all about the economics. Japanese car makers strategy on focusing on South East Asian market is correct. Eventually China will try selling their own vehicles to new markets as well.

1 ( +2 / -1 )

Japan and its car makers are back, now the yen is getting right Korea will lose the advantage it had since 2008 with the rise of the yen. Things going to get good next year.

1 ( +2 / -1 )

Japan's car maker maybe back for now, but in the long run, but my bet is that it will be the Koreans repeating the electronic industry. Japan's auto market is closed to foreign competition, while Korea's is wide open. The domestic market's new foreign cars sales share is 15% and rapidly rising, compared to Japan's only 5%. This is difficult for Korean makers initially, but this will only put more pressure to Korean makers to compete, innovate, and spur them on to bring out better models, while Japan sits on their laurels.

-4 ( +1 / -5 )

Japan's auto market is closed to foreign competition, while Korea's is wide open. The domestic market's new foreign cars sales share is 15% and rapidly rising, compared to Japan's only 5%.

This a problem with the people in South Korea who consider that foreign cars are better then domestic produced whil in Japan the belief that Japanese cars are even better than those exported is strong (and partially true).

0 ( +1 / -1 )

"The domestic market's new foreign cars sales share is 15% and rapidly rising, compared to Japan's only 5%. "

The market for left hand traffic is way smaller than right hand traffic. It just make sense for companies to avoid full investment to left hand cars, thus the selection are less than those of regular drive side. In that case, customers in Japan would actually have less motivation to get a foreign brands.

Korean buy foreign cars are because it's either your car sucks or you people are some stupid show off fools.

Period.

0 ( +1 / -1 )

chucky3176Dec. 07, 2013 - 01:39PM JST Then how come Korea's exports to China has bypassed Japan's, making South Korea, the number of importing >country for China? S.Korea is headed for nearly $200 billion exports to China for all of this year, far surpassing second >place Japan.

chucky, Skorea's dependence on China as an export market is well known. In fact when China says that they've got SKorea by the short hairs they really do. There is a good reason why SKorea has been kissing up to China. With a third of exports relying on China you don't have much choice but to act subservient.

This despite the strong Korean currency, while Japanese currency is sinking like a rock in the water.

If you understood international trade you would know that Japan not only wants but needs a weaker yen to be competitive. Your above statement makes no sense.

1 ( +1 / -0 )

Just temporary cheap Yen effect.

0 ( +0 / -0 )

Cheap Yen, yet deficits still grow, as more they sell, the more the deficit. Japan's car exports, like the entire export sector, look good on paper when it's denominated in Yen. But when denominated in dollar terms, Japan's car exports and the entire exports in general, are all down. This wasn't how it was supposed to be when Abenomics took effect. Based on statistical trajectory, I predict 2015 to be the year when Japan's rapidly shrinking account surpluses will turn into deficits, and Japan will have to turn to foreign investors to fund their huge deficits. The problem is, by then, their sovereign credit rating will be shot to pieces (even now, it's pretty bad). The borrowing rates will be pretty high for Japan and psychologically shocking for a long time creditor nation. Abenomics has been a total failure, it only ended up hastening Japan's coming depression. Lot of people had already predicted that.

-2 ( +1 / -3 )

Abenomics has been a total failure, it only ended up hastening Japan's coming depression. Lot of people had already predicted that.

That's indeed an urijinaru theory...

1 ( +1 / -0 )

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