GB Auto "ends Hyundai Representation in Iraq"

By John Lee.

GB Auto (Ghabbour Group) has reportedly decided to cease its representation of Hyundai passenger cars in Iraq.

According to Daily News Egypt, the company rejected Hyundai's new multi-distributor strategy, on the basis that such models never yield proper returns on investment.

It adds that Hyundai had a market share of approximately 25 percent last year.

(Source: Daily News Egypt)

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