Korean Automakers to Be More Hurt by Japanese Rivals’ Big R&D Spending

SEOUL, May 7 (Korea Bizwire) — Japanese automakers are expected to spend a record amount on research and development (R&D) activities this year, data showed Thursday, raising concerns that South Korean rivals’ competitiveness may be further hurt amid unfavorable currency exchange rate conditions. Four major carmakers in Japan — Honda Motor, Toyota Motor, Mazda Motor [...]