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German, Japanese carmakers cash in on Korea-U.S. trade deal: data

Japanese and German automakers are benefiting more than their U.S. peers from a free trade deal between Washington and Seoul, according to import figures suggesting U.S. brands are not reaping the rewards they may have expected from the pact.U.S. automakers are battling a perception that they lag German peers in fuel efficiency just when sales figures show South Korean consumers are developing a particular taste for diesel-powered models, the German brands' mainstay.German and Japanese carmakers boosted sales of U.S.-made vehicles last year by nearly five-fold from 2011, the year before the trade deal took effect, outpacing the 43 percent jump U.S. automakers reported during the same period, according to the Korea Automobile Importers and Distributors Association(KAIDA).South Korea, one of the few auto markets dominated by domestic carmakers, has emerged as a big source of growth for global brands following trade deals with Europe and the United States which cut import tariffs and igni...

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