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Hyundai Motor is cutting production at overseas plants amid the global recession. In a meeting with the company's labor union at its the Ulsan Plant, the carmaker on Tuesday said the situation in foreign markets was "very serious." Due to plummeting sales of the Sonata sedan in China, the operation rate of the production line at the Chinese plant has dropped to 16 percent, it said.
In November, the company sold 787 EF Sonatas and 235 NF Sonatas in China, short of even 10 percent of sales of the Toyota Camry or Honda Accord. Overall sales of Hyundai in November, though, increased by 11.7 percent from a year ago.
Hyundai has five plants abroad: one in China which can produce up to 600,000 cars, one in the Czech Republic with the capacity to produce 300,000 cars, one in India, where up to 600,000 cars are produced, and one each in Turkey and the United States, with 100,000 and 300,000 production capacity respectively.
(englishnews@chosun.com )
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