IMPORT BRIEFS

IMPORT BRIEFS

Japanese Car Output

Slipped 2 percent in JanuaryJapanese automakers produced fewer cars, trucks and buses in January over the same period a year ago, the Japan Automobile Manufacturers' Association said.

The group said output totaled 918,348 vehicles, down 2 percent from 1987.

Last month's decline followed 1.9 percent growth in December and breaks a string of five consecutive year-on-year rises.

Hyundai Undeterred

By Canadian Ruling

SEOUL, South Korea - South Korea's Hyundai Motor Co. will continue to ship cars to Canada despite a Canadian ruling that the South Korean automaker is selling its automobiles at unfairly low prices, company officials said Monday.

Hyundai officials also said the company will complete an auto assembly plant now under construction in Bremont, Quebec, by early next year, as scheduled. The plant is to assemble 50,000 cars initially and eventually produce up to 100,000 cars a year, they said.

Canada's Department of National Revenue last weekend upheld its earlier ruling that Hyundai was selling cars for between 16.2 percent and 31.8 percent below production cost. The department acted on complaints by Canadian subsidiaries of General Motors Corp. and Ford Motor Co.

The Canada import tribunal is to issue a final decision by March 20.

Seiko Instruments

Increases Prices

SAN JOSE, Calif. - Seiko Instruments USA Inc., Graphic Devices & Systems Division, said it will raise prices an average of 10 percent to 12 percent across its full line of graphics products, effective May 1.

All of the division's products - color copiers, high-resolution display systems, monitors and digitizing tablets and tables - will be affected. Specific increases will be disclosed in April.

The move is a direct result of the fluctuating dollar-yen exchange rate, Seiko said.