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Peugeot unveils a new, sleek 308 hatchback. Can it save the struggling French carmaker?

FRANKFURT - European carmakers can live and die by their mid-sized hatchbacks. And that category has long been the realm of the Volkswagen Golf. French carmaker Peugeot is hoping to change that with its redesigned 308. Every bit of this car shows the company is gunning for Golf customers: a sleek design, a minimalist interior and the promise of a low-emissions version that would rival VW's.

Koreans prefer small imported cars to large models

SEOUL, May 27 (Yonhap) -- South Korea's increasingly price-conscious consumers have been shifting their appetite for imported cars to small and compact models from larger ones, industry data showed Monday. As recently as 2008, sales of mid- and large-sized foreign cars accounted for 65.8 percent, or 40,584 units, of the imported vehicle market, according to the Korea Automobile Importers and Distributors Association. At that time, foreign cars with an engine capacity of less than 2,000cc accounted for 26.2 percent or 6,123 units.
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