U.S. activist fund Elliott Management has stated it will vote against Hyundai Motor Group’s restructuring plan and prompted other shareholders to decline the proposal to reform South Korea’s second-largest conglomerate.
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Hyundai Motor stated on Friday it will cancel $890 million worth of treasury shares, its first stock cancellation in 14 years – a strategy that comes amid shareholder pressure to
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South Korea’s antitrust chief on Thursday stated U.S. activist fund Elliott Management’s proposal for Hyundai Motor Group to embrace a holding company structure was “inappropriate” and, if applied, would be
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U.S. activist hedge fund Elliott Management rejected Hyundai Motor Group’s restructuring plan as insufficient on Monday and called on the South Korean conglomerate to embrace a holding company plan and
Hyundai Motor stated it would keep communicating with shareholders and investors, including Elliott Management, regarding its proposed restructuring plan. “Hyundai Motor Group will keep communicating with shareholders and investors across
Nissan Motor is going to slash hundreds of jobs at its Sunderland plant, that is also Britain’s biggest automotive factory. The automaker is tackling the decreasing demand for diesel models
Toyota Motor prepares to begin offering U.S. vehicles that can talk to each other using short-range wireless technology in 2021, the Japanese automaker stated on Monday, possibly preventing thousands of
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