South Korean carmakers Hyundai and GM Korea are focusing on selling high-end vehicles to better cope with a possible car sales decline due to the global economic slump.
The sales of SUVs among Hyundai Motor Co.s offering rose to 50.6 percent this year from 48.1 percent a year ago, while sales of its Genesis also inched jumped 8.7 percent year on year.
Hyundai Motor Co’s third-quarter sales soared 30.6 percent year on year to post record-breaking quarterly sales.
From January to August, Hyundai sold 36,000 Genesis vehicles and 56,000 units of Palisade SUV in the US, showing a sharp increase in the share of high-end vehicles.
Meanwhile, GM Korea Co. plans to focus on exports of high-end models for the time being.
It stopped producing the Spark mini car last month after halting production of the Damas and Labo mini commercial vehicles early this year.
The South Korean unit of General Motors Co. also plans to suspend production of the Malibu sedan and Trax SUV at the end of this year.


The American mass exodus to Canada amid Trump 2.0 has yet to materialize
BOJ Set to Raise Rates to 1.25% as Inflation Risks Build
Time to buy local: war fuel price shocks reveal the folly of a long food supply chain
ECB Rate Hike in Focus as Oil Tops $100
Britain has almost 1 million young people not in work or education – here’s what evidence shows can change that
Can Europe shake its Russia links for good?
Australia Plans New Rules Giving Users Control Over Social Media Feeds
Apple Unveils $1,999 Foldable iPhone Duo
Elon Musk’s Boring Company Raises $3 Billion at $23 Billion Valuation
Oil Prices Hold Near Highs as U.S.-Iran Conflict Escalates
Why have so few atrocities ever been recognised as genocide?
Booked to travel through the Middle East? Here’s why you shouldn’t cancel your flight
6 simple questions to tell if a ‘finfluencer’ is more flash than cash
Gold Prices Rebound as Dollar Weakens, Fed Decision Looms
Columbia Student Mahmoud Khalil Fights Arrest as Deportation Case Moves to New Jersey
The ghost of Robodebt – Federal Court rules billions of dollars in welfare debts must be recalculated 



