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Price hikes hamper car production: IEK

2012/05/16 19:00:51

Taipei, May 16 (CNA) The Taiwan Industrial Economics and Knowledge Research Center (IEK) forecast Wednesday that the production value of finished cars in the second quarter of this year will decrease by 18 percent to NT$35.92 billion (US$1.24 billion) compared with the first quarter as a result of the recession and domestic oil and car price increases.

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