Auto parts makers to continue growth with Chinese market

Home > Business > Industry

print dictionary print

Auto parts makers to continue growth with Chinese market

Korean auto parts makers will likely continue to increase profits thanks to China’s automobile markets, a report said yesterday.

Parts makers with high earnings contributions from Chinese subsidiaries, such as Mando, Sungwoo Hitech and Hwashin, are expected to enjoy sound earnings growth, Woori Investment & Securities said in a report.

“We believe that China will continue to post leading global auto sales growth in 2013 thanks to the Chinese government’s likely introduction of economic stimulus and capacity expansions via joint ventures with overseas automakers,” said Cho Soo-hong, an analyst at Woori Investment. 

Yonhap

More in Industry

SK Telcom merges two security services subsidiaries

KDB requests sit-down with Asiana unions about takeover

Are you Taycan to me?

Facebook hit with $6 million penalty for customer data leak

Spinoff to give LG chairman's uncle his own conglomerate

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now