Hyundai Assan sees Turkey Oct auto sales down 70 pct
Hyundai Assan, the Turkish joint venture of Hyundai (005380.KS), expects automotive sales in Turkey to slide 70 percent in October from a month earlier to 20,000 units, its general manager Kurthan Tarakcioglu told Reuters on Wednesday.
The predicted slide in sales follows a government decision not to extend beyond the end of September a temporary cut in the special consumption tax which had helped boost the automotive sector this year after a slump in sales. (Reporting by Tolgahan Ozkan)
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