JIN Business Reports Japan's Automotive Industry and Hyundai's Growth

JIN Business Reports Japan's Automotive Industry and Hyundai's Growth

Tokyo, December 22 2005--An article on Japan' s automotive industry appears on 
JIN Business, the online news service recently launched by Japan Information 
Network (JIN), Japan's largest portal site offering information about Japan for 
overseas users. The article indicates that South Korea's Hyundai Motor is 
breathe on GM's neck.
The article is on the website of JIN Business 
CLICK HERE).

   

Toyota Fears Hyundai More than GM
   Toyota Motor Corp. is looking more likely to cruise past General Motors 
Corp., the world's largest carmaker, in unit production and sales next year. 
The main reason is that its US rival, which is facing a sales slowdown in its 
home market, will next year close a number of assembly lines. Toyota, however, 
is not gloating. It fears that ill feeling might arise in America if it really 
overtakes GM, which is both a flagship company in automaking and a national 
symbol. At the same time, a growing view within Toyota is that its main rival 
is no longer GM but Hyundai Motor Co. of South Korea.