COMPANIES The US auto industry showed signs of recovering strongly from its worst downturn in decades in October, led by South Korea’s Hyundai Motor which has been gaining market share.
Last month, Hyundai’s sales jumped 49 per cent compared with the same period a year ago, following a 1.3 per cent increase in the first nine months. Kia Motors, an affiliate, sold 45 per cent more cars in October.
