Aug. Car Sales Fall 4.5 pct amid Chip Shortage

SEOUL, Sept. 1 (Korea Bizwire) — South Korean carmakers’ sales fell 4.5 percent last month from a year earlier as an extended global chip shortage and the COVID-19 pandemic continued to weigh on vehicle production and sales, industry data showed Wednesday. The country’s five carmakers — Hyundai Motor Co., Kia Corp., GM Korea Co., Renault [...]